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Bloomberg

Gold Rebounds as U.S Payrolls Data Ease Concerns Over Stimulus

(Bloomberg) — Gold rebounded, paring a weekly decline as a smaller-than-expected gain in U.S. payrolls helped ease concerns that the Federal Reserve will pull back stimulus.Payrolls increased by 559,000 last month, according to a Labor Department report Friday. The median estimate in a Bloomberg survey of economists was for a 675,000 rise. The dollar and Treasury yields initially dropped after the report. The weaker dollar also helped copper extend gains on the London Metal Exchange.Gold has wo

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