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Can gold price catch a bid? US labor market continues to struggle as ADP says 38K jobs created in August

Source: kitco.com

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Can gold price catch a bid? US labor market continues to struggle as ADP says 38K jobs created in August

Gold is stabilizing after heavy early-week selling, following a weaker-than-expected August jobs report in the private sector. Fewer jobs than expected adds caution around the interest-rate outlook, supporting attempts to find “solid ground” in gold prices.

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