Gold rose new all-time high after US jobs data, as rise in US unemployment and moderation in wage gains, outweighed stronger than expected acceleration in job growth in February, contributing to expectations that the Fed would start easing its monetary policy in coming months.
Steep bullish acceleration extends into eight consecutive day, with the metal on track for the third straight bullish week and the biggest weekly gains in one year. Weekly close above former record high to add to firm bullish stance and keep focus at the upside, with initial targets laying at $2200 and $2250 .
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