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US Markets Trade Lower on Jobs News

The equity markets and U.S. dollar traded lower Friday, while gold soared higher on the heels of the release of the Employment Situation report — the key piece of employment data that the Federal Reserve considers for monetary policy. The report showed that the U.S. economy created the fewest number of jobs in more than five years in May as employment in the manufacturing, mining and construction sectors fell sharply. Payrolls only increased by 38,000 jobs last month, well below the...

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