Dollar Vulnerability Continues To Underpin Gold Prices

The dollar pulled away from its worst levels against the Euro, but underlying vulnerability continued to underpin gold prices on Monday.

The dollar remained under pressure in New York trading on Friday as the weaker than expected US employment data continued to undermine confidence in the US currency. Dollar weakness continued to underpin gold prices, especially with a fresh decline in US bond yields with a move above the $1,280 per ounce level to the highest level for six weeks.

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