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Gold dives below $4,100 as blowout NFP underpins Fed hike odds

FXStreetUnited States of America

Gold dives below $4,100 as blowout NFP underpins Fed hike odds

Gold price retreats after peaking at $4,106, drifting lower nearly 1% on Friday as the US employment report crushed forecasts and increased the chances that the Federal Reserve (Fed) could increase rates at the December meeting. The XAU/USD trades at $4,060 at the time of writing.

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