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> Gold July 9, 2018 Weekly Analysis
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Gold July 9, 2018 Weekly Analysis

Exclusive Capital Ltd.

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Gold appreciated around $1265 per troy ounce amid a weaker U.S. Dollar due to the lower than expected U.S. labour market report on Friday. Also, support was provided upon the resignation of the U.K Brexit negotiator David Davis and the U.K Brexit Secretary. These events increased the level of uncertainty as the U.K will officially be leaving the EU in nine months. Furthermore, in India the gold industry began replenishing its stocks. In contrast, China did not buy gold for a period of 20 months.

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Source: https://www.exclusivecapital.com/gold-july-9-2018-weekly-analysis/
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