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Gold on the move after jobs number

Apr. 04, 2014 8:47 AM ETGLD, IAU, DGL, DGP, DZZ, DGZ, UBG, UGL, GLL, SGOL, PHYS, AGOL, TBAR, UGLDF, DGLDF, GLDE, GYEN, GGBP, GEUR, GLDIBy: Stephen Alpher, SA News Editor8 Comments
  • Gold launches another assault on $1,300 per ounce following the roughly inline jobs number, up 1.1% to $1,299. The print seemingly will do nothing to dent FOMC momentum towards an end to QE this year and rate hikes next year.
  • Unemployment didn't fall as expected, but the labor force participation rate - whose steady decline has been a key point for the economy bears - popped higher by 20 basis points to 63.2%.
  • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, GLDI, DGZ, AGOL, DGLD, TBAR, UBG, GLDE, GYEN, GEUR, GGBP

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