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Reply to "Why did Gold spike after the jobs report?"
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[quote=Anonymous]I was wondering why gold would spike due to the jobs report, but now I don't think it was due to the jobs report at all. Something else happened Friday - one of the Fed governors resigned. This gives Trump the power to nominate a loyalist who will ease monetary policy for sure. The clue is that her resignation was at 3:30pm and exactly that time gold jumped again. The earlier 8:30am jump was probably someone who knew it was coming. This at least makes me less concerned about a crash on Monday, but more concerned about dollar devaluation. [/quote]
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