
$SPDR Gold Shares(GLD.US) U.S. nonfarm payrolls rose by 57,000 in June, missing the 110,000 expectation, leading to reduced odds of a Federal Reserve rate hike in September. Spot gold prices increased by 1.5% to $4,184.75 per ounce and remained above the 21-day moving average, marking a 2.4% rise for the week. Central banks added 41 metric tons of gold in May, indicating ongoing long-term demand for gold despite recent sales to stabilize currencies. I believe Gold is still trying to find a consolidation period despite the drop for the psst 2 weeks. As investors rotate from memory stocks back to safer haven, Gold might see an opportunity to rise back up. @Bridge Buzz SG
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