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Gold little changed after Friday's recovery

FXStreet (Córdoba) - Gold prices advanced slightly Monday following disappointing US jobs data Friday, but momentum wasn't strong enough to extend gains beyond $1,270 an ounce.

Spot gold was little changed at $1,267 an ounce, following a 0.6% gain on Friday after data showed US added fewer jobs than expected in August (142K vs 225K). The metal is extending a recovery from 3-month lows scored last week amid broad dollar gains and weighed by hopes of a ceasefire in Ukraine.

As for silver, the gray metal rose 0.6% to $19.25 an ounce, after printing a 3-month low of $18.99 Friday.

ECB ‘private QE’ impact seen as positive but no game changer - ING

Martin Van Vilet from ING presents a preliminary outlook on the impact of ECB's newly introduced ABS purchase program and the covered bond purchase program.
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GBP/USD could allow a rebound – Commerzbank

The sterling is trading in fresh ytd lows below 1.6200, although there is the likelihood of a bounce off current levels, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank...
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