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Hello my name is Chuck Dougherty and this is the Spot Gold Prices Daily Wrap-up.
The Spot Gold prices for Friday the 10th of January saw Gold prices opening at around
$1,233.40.
Today's non-farm jobs report for December was horrible as compared to what was expected.
It showed only around 74,000 jobs were added instead of the 200,000 that was anticipated.
All of this was good for gold today.
Trading was pretty flat in the early morning hours until after the jobs report was released.
We saw the low of around $1,232.40 before the start of US trading hours and from there
prices climbed to the high at the end the short trading day at around $1,248.50 which
resulted in a gain in the price of gold of around $15.10.
The next target for the bulls will be the resistance level of $1,250. If they can bust
through that resistance level the price of gold could rise very quickly from there.
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for January 10th, 2014.
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See you in the next Gold prices episode! Until then, take care.