Gold declines ahead of US jobs report

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Source: WBP Online
Gold futures lost 0.44% on Thursday, as investors bet on a strong US non-farm payrolls figure. Gold traded at $1,162 an ounce by 10:45 AM GMT on forecasts that jobless rate slipped to 5.4% from 5.5% and 233,000 jobs were added in June. These jobs figures will have a substantial effect on the strength of the US Dollar and therefore on commodity prices, such as gold and oil. 
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