Gold up $4 on US dollar weakness
Gold has held the gains from the non-farm payrolls report but hasn’t been able to add to them.
The case for gold is compelling as the Fed once again swings dovishly but if you look at episodes like Sept/Oct of 2015 when promised hikes also faded, the gains quickly dissipated afterwards and gold fell 12% in the run-up to the Dec hike.
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