“Appetite for Gold Rises”

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When global risk escalates- financially and politically- gold is always considered as an insurance against it. The speculations that the Federal Reserve may raise interest rates has kept the yellow metal in small trading ranges around $1,300.
In the previous week previous metals were down throughout the week until the payroll data was released on 1st August which showed that the jobs added were less than market expectations.
These reports had raised speculation that the Fed could soon raise interest rates which would then increase the opportunity cost of holding gold.
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