Sports gamblers are driving equities up and gold prices down – Saxo Bank

The gold market is trying to find some stability after taking a major hit Friday when economic data showed that the U.S. economy created 2.5 million jobs last month.
Making matters worse for the precious metal is the fact that the market continues to deal with liquidity issues as critical market makers reduce their exposure, said Ole Hansen, head of commodity strategy at Saxo Bank.

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