“Bad News Proves To Be Good for Gold” by Mr. Prithviraj Kothari,MD,RSBL

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I was awaiting this…gold bouncing back from its lows last week.
As expected, gold crossed the $1300 mark on Friday.Bad news turned out to be the good news last week for gold. A higher unemployment rate and worse than expected job creation is the bad news that has proved good for gold.
Throughout the week gold was lying low, but on Friday post the release of the US jobs report, gold managed to cross $1300. (future delivery)
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