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Gold drops on better than expected jobs data

Duncan Richardson, News Editor
9 Jan 2014, 5:10 p.m.

Better than expected jobs data out of the US, has once again raised expectations that Federal Reserve may further reduce their asset purchasing program known as Quantitative easing. Gold dropped by over 1% following the release of the ADP National Employment latest report which showed the private sector in the US added a better than expected 238,00 jobs in December.

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