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Gold to Rise as Oil Falls if NFP, ISM Miss Estimates
2/1/2013 9:59:00 AM
By: International Business Times
Crude oil may fall amid broad-based risk aversion while gold pushes higher amid US Dollar selling if US ISM and NFP data fall short of economists' expectations.
All eyes are on the US economic calendar in the final hours of the trading week. The Employment report is expected to show Nonfarm Payrolls ( NFP ) rose 165,000 in January, compared with a 155,000 increase in the prior month. Meanwhile, the ISM Manufacturing gauge is expected to tick narrowly higher to 50.6 over the same period versus 50.2 in December.
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