GOLD - increases as Unemployment Claims data decreases

The growth of the U.S. labor market is slowing down, as more American workers are filing for unemployment benefits. This disappointing news has resulted in gold prices trading near session highs, with August futures currently at $1,970USD/ounce, representing a 0.58% increase on the day.

Analysts believe that this latest jobs data is supporting the view that the Federal Reserve's aggressive monetary policy tightening has come to an end.

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