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Soft jobs number and trade tensions underpin gold ahead of CPI next week​

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Prior to the nonfarm payrolls release, the dollar looked strong and many wondered whether the beleaguered currency had finally bottomed out. All eyes were on the average hourly earnings part of the report and as it turned out, the 0.3% reading was indeed in line with the expectations, which lifted the year-on-year wage growth rate to a good 2.7%.

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