All Glitters or Just Jitters for Gold

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Gold made a snake like movement last week , ending on a downward note as the week concluded.
The dollar pushed broadly higher against the other major currencies on Friday, after the release of strong U.S. jobs data fuelled further speculation that the Federal Reserve could soon begin tapering its stimulus program.
Gold has lost about a fifth of its value this year after these news. The bond purchases and low interest rates has burnished gold’s inflation-hedge appeal.
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