Weekly Fundamentals: Weak Job Data Resumed Gold's Rally, Signaled PGMs will Continue to Underperform
BonTradeMarket sentiment improved early in the week as there seemed to be breakthroughs in sovereign debt issues in the Eurozone and the August FOMC minutes rekindled hopes of QE3. Optimism, however, soured after release of the ISM manufacturing index and almost evaporated after the US employment report which showed no change in payrolls in August. We expect investors will remain cautious in the coming week as they await central banks' monetary decisions.
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Weekly Fundamentals: Weak Job Data Resumed Gold's Rally, Signaled PGMs will Continue to Underperform
