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MarketWatch: Gold gets a boost from expected Fed interest-rate cuts, new focus on jobs

Gold futures strengthened after Federal Reserve Jerome Powell's Jackson Hole speech last week. Jerry Prior explained to Myra Saefong of MarketWatch that the precious metal “does not always beat to the tune that is being played, and often goes off script." He expects a consolidation around current prices or higher will keep trend followers firmly in their long positions, noting it would take quite a move lower to get them short.



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