Commerzbank predicts that the gold price could temporarily fall below $1,900 due to strong labor market data in the United States.
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Gold price dropped almost back to $1,900 on Thursday following the publication of a noticeably stronger-than-expected rise in private-sector employment in June in the US. Economists at Commerzbank analyze XAU/USD outlook.
See – Nonfarm Payrolls Preview: Banks see labour market still quite strong
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