Metals prices bounced on Friday, led by silver, gold and copper, as the downbeat US payrolls report quashed expectations of a summer rate hike by the Fed and dragged the dollar lower again. This positive spin on otherwise poor economic data trumped another set of lacklustre PMI surveys from China. Oil prices also held around $50 per barrel (for Brent) despite OPEC’s failure to reintroduce an output ceiling.
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