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Gold market and precious metals

The Pressure Cooker

NFP As usual on NFP Friday, it was all about jobs data. While the headlines surged, inflation hawks ruled the skies after a tepid 0.1% month over month average hourly earnings. The USD sold across the board; equity markets reacted well to the better headlines and weaker wage growth, and the S&P500 closed up 0.7%. The Stoxx 600 gained 0.6%. Treasuries bounced higher, 10-year yields fell about 6bps, but those gains were substantially pared at the NY ...

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