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Gold Firms as Oil Slides to a Four-Week Low Ahead of US Jobs Data
Gold edged higher in early Asian trade on Wednesday, November 4, while oil slid to its lowest in nearly four weeks — a split that tells you exactly what this market is worried about. Spot gold rose 0.2% to $3,934.75 per ounce by 0024 GMT, and US gold futures for December delivery added 0.1% to $3,943.20. Softer oil eases inflation pressure, and that gives gold room to breathe — but...
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