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Gold surges above $1250 as dollar falls

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Employment at the largest sector of the world’s largest economy has shrunk. That’s according to the employment component of the ISM Services PMI that was released this afternoon. It fell below the boom/bust level of 50, printing 49.7 in February from 52.1 the month before. This is the first time it has dropped below 50 since February 2014 and bodes ill for Friday’s official employment report. And although the broader index remained in expansion territory, at 53.4, it was still below 53.5

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