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US Jobs Data Dampens Rate Cut Bets, Gold Remains Subdued

Gold dipped as Friday got underway and was on course for a net weekly decline as data released about U.S. jobs turned out to be a lot stronger than had initially been expected. This data reduced expectations that the Fed would make further cuts to its benchmark lending rate when it meets next month.

That aside, the bigger picture shows gold has had a remarkable performance this year and many fundamentals indicate that it is likely to retain its upward trajectory. Gold industry actors like Torr Metals Inc. (TSX.V: TMET) will therefore be unfazed by the current consolidation taking place as many…

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NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (TSX.V: TMET) are available in the company’s newsroom at https://ibn.fm/TMET

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