WIRE — Gold surged on Friday, hitting its highest in seven weeks, after an unexpected drop in US nonfarm payrolls for July dashed rate-hike hopes and set bullion on course for its best week in seven months. Spot gold jumped 2.4% to $4,341.69 per ounce by 10:57 am EDT (14:57 GMT), having surged over 3% to its The post Gold hits 7-week high appeared first on Egyptian Gazette.
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