Gold prices could be headed for $1,300 an ounce following last week's
poor jobs report. RJO Futures Senior Market Strategist Phil Streible
tells TheStreet's Joe Deaux that, while it's possible, for this week
he's looking for the yellow metal to hang around $1,250 an ounce. The
December jobs report should give the Federal Reserve pause to determine
whether it will continue to taper its economic stimulus program.
Continued taper, according to gold analysts, likely would weigh on
prices.
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