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08-Aug-2022
Commodity Evening Trading Guide
Gold traded around $1,775 an ounce on Monday after falling from one-month highs in the previous session, as a surprisingly strong US jobs report last week bolstered expectations that the Federal Reserve will continue to tighten aggressively.
Bullion counter is expected to witness profit booking at higher levels as strong job data in US can prompt Federal Reserve to hike interest rates at faster pace.