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.
Gold & Silver
- 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
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