Gold Silver Reports (GSR) – Also supporting gold was a prolonged partial U.S. government shutdown and expectations that the Federal Reserve will hold its multi-year rate hike cycle, analysts said.
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Gold Silver Reports — Gold retreated from a 3-week high as the dollar strengthened after an employment report eased concern that the U.S. labor market was slowing. Silver headed for the biggest weekly advance since April as holdings in exchange-traded funds edged nearer to a record.
Gold Silver Reports — Gold on MCX settled up 1.04% at 29937 tracking gains from Comex Gold which jumped to their highest since mid-May settled above $1272 the highest since May 18 bolstered by a slumping dollar and expectations the Fed won’t raise interest rates until the jobs market improves.