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GBP/USD climbed to its highest level in two weeks above 1.2800 on Friday. Following a mixed reaction to the US June jobs report, which showed an increase of 209,000 in Nonfarm Payrolls, the USD came under heavy selling pressure, boosting the pair.
Gold recovers above $1,930 after US jobs data
Gold price turned north and advanced beyond $1,930 ahead of the weekend. The benchmark 10-year US Treasury bond yield retreated toward 4% following the disappointing NFP reading and the USD started to weaken against rivals, helping XAU/USD gain traction.
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