Today, Gold was trading near a 3-week high, boosted by a short-covering rally after a strong US(United States) nonfarm payrolls report cemented the case for a Fed Reserve rate hike next week.
Spot gold slided 0.3 per-cent to $1,083.61 an ounce by 0037 GMT, but near $1,088.70 strike in the previous session, its highest since Nov. 16. It earned 2.3 per-cent on Friday after slumping to a near-6-year low earlier in the week.
Data on Friday last week, concluded US nonfarm payrolls rose 211,000 previous month, and the unemployment rate held at a 7-1/2-year low of 5.0 per-cent. September & October data was revised to show 35,000 more jobs than previously reported.
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