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Updated 22:34 26/09/20

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Gold hits one month high as US jobs data disappoints

Duncan Richardson, News Editor
13 Jan 2014, 4:04 p.m.

Gold reached $1,254.05 per ounce its highest level for a month, as Jobs data out of the US disappointed markets. Many analysts believe low than expected jobs growth may prompt the Federal Reserve to slow their reduction in quantitative easing. In December the Federal Reserve reduced their monthly asset program known as quantitative easing from $85 billion to $75 billion.

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