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Gold slips ahead of payrolls, dollar rebounds
Gold slips ahead of payrolls
Gold slipped on Thursday as the dollar rebounded and caution set in ahead of Friday's U.S. non-farm payrolls data due later this week. "We saw profit taking when the euro-dollar came off. Its been a pretty good performance for the first week (but) looks like it was overdone on the upside," said Michael Kempinski, a senior trader at Commerzbank. A stronger U.S. currency makes dollar-priced gold