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Malaysian headline inflation falls further in October, likely to remain negative in 2020

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.S. weekly jobless claims unexpectedly decrease

U.S. House prices increase slightly in July

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. Consumer Confidence falls in September

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Australian economic growth recovers strongly in Q3 2020

U.S. personal income and spending rose less than expected in August

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US labour market data to weigh on Gold

Friday, July 24, 2015 9:28 AM UTC

Gold prices in India dropped to a four-year low this morning. So far,Indians have refrained from buying gold.

Gold is suffering significant losses once again as the week of trading comes to an end, and has fallen to below $1,080 per troy ounce to hit its lowest level since February 2010.

The price is finding no support from the weak US dollar. Coin sales, on the other hand, still appear robust, especially in the US.

In addition, good US labour market data are weighing on the gold price, last week saw the lowest number of new jobless claims filed since November 1973, says Commerzbank.

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US labour market data to weigh on Gold

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