Much of the recent gold rally has been sparked by the belief that US interest rates would remain low for the foreseeable future, but Friday’s non-farm payroll figures have got some traders questioning how long rates will remain at current levels. Gold tumbled 4% on Friday, erasing the weekly gains, and are trading lower on Monday too.

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Gold & Silver

METALLEVELCHANGE
GOLD$1,141-$16
SILVER$18.01-$0.47

Market News
- South Africa’s November Gold Reserves are up $150mn on the month
- Gold has ended on fresh highs on 20 occasions since the start of November

Major Economic News

TIMEMARKET DATA
1500Consumer Credit