Author: MichaelKinchelo

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Gold edges down as market turns optimistic on trade negotiations

Originally posted here: 
S&P 500 hits record high of 3,042 — surpassing July 26’s record

Shares in Asia climbed higher on Monday, carrying forward the upbeat sentiment upon release of strong US payrolls last Friday. Speculations of Fed funds rate hike increased but Wall Street was not hurt. Instead, the S&P 500 index settled at a record high of 2182.8. While the job market added more strength, UK’s jobs experienced “freefall” after the Brexit referendum.

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Chinese Trade Surplus Widened, Devil in Detail