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Gold declined a second day currently quoted at USD1,204.00 a troy ounce just above the important level of USD1,200 weighed by a strong U.S. dollar and ahead of the closely watched U.S. Nonfarm Payrolls and Unemployment rate. Good job data may lead U.S. policy makers to raise benchmark interest rates rather sooner than later. ECB president Mario Draghi's comments at yesterday's press conference in Frankfurt weighed on the precious metal as he ruled out buying bullion. Still gold is heading for its best week in 10 months after recovering from a three-week low on Monday. Physical demand strengthened.
GOLD currently trading at USD1,204.00
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