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Gold prices declined slightly in today's session with the precious metal currently quoted at USD1,221.90, -0,06% a troy ounce. Intraday gold climbed to a four-week high at USD1,230.90 as the rout in oil-prices continued and market participants expect the Federal Reserve to keep benchmark interest rates unchanged for a longer-than-expected period after mixed U.S. job data on Friday. Data showed that the average hourly earnings fell in December by the most since records began in 2006. On the other hand the Labor Department reported 252,000 newly created jobs beating forecasts of 240,000. Gold was further supported by the upcoming Greek elections on January 25th. A win of the anti-austerity party Syriza could result in an exit from the currency bloc.
GOLD currently trading at USD1,221.90
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