Excerpt from: Financial Spread Betting Strategies
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| September 05, 2008 | | Gold turns around after U.S. jobs data | Financial spread betting strategy on gold prices should consider that after struggling below $800 an ounce, they are recovering and heading toward $815 an ounce today.
The U.S. dollar is struggling a bit in some quarters (notably against the Japanese yen), and even dipping against the euro in forex trading.
The main problem with the U.S. dollar this morning, and lending strength to gold prices, is that U.S. jobs data is extremely weak and the unemployment figure continues to rise.
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