# GoldTops4200

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Spot gold pushed above $4,200/oz on July 6, up over 0.6% on the day. The rebound follows last week's 2%+ weekly gain, driven by a weaker-than-expected U.S. June jobs report that cooled Fed rate-hike expectations. A weaker dollar and lower Treasury yields provided a tailwind for the yellow metal. The World Gold Council sees gold entering a critical phase in H2.

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