Gold Slips As US Dollar Surges On Upbeat Economic Data
|GOLD PRICES ended the US trading session slightly higher on Thursday, after two days of declines on upbeat US economic data – whilst the US dollar surged as initial-jobless claims fell, signalling the labour market may be recovering. Upbeat US economic data this week strengthen the US dollar, which had an inverse impact on precious metal prices – presenting commodities trader a highly lucrative opportunity to buy long the USD and sell short gold. (As highlighted in our top trades of the week).
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