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News Link • Gold and Silver

Gold jumps above $1,400/oz after U.S. data

• Reuters

Gold jumped above $1,400 an ounce to a three-week high on Friday after U.S. jobs data disappointed the markets, knocking the dollar index down 1 percent and dampening expectations for a self-sustaining recovery.

U.S. employment increased by far less than expected in November and the jobless rate jumped to a seven-month high of 9.8 percent, the data showed.

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