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Gold Spot / U.S. Dollar
Long

XAUUSD | Market outlook

By DCFX-TA
  • US Dollar Index consolidates weekly gains around 92.50

  • U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond.

  • The benchmark 10-year yield was down 3.9 basis points at 1.4407% in midday trading. That was close to its level before the morning release of new Labor Department data showed U.S. job growth accelerated in June.

  • Gold rose on Friday, climbing further from a two-month trough hit earlier in the week.
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