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Gold Slips Below $4,500 Amid Australia's Surprising Employment Dip

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Australia's full-time employment numbers saw a significant drop in July, declining by 13,000 to 16.3K from the previous month's 29.3K.

The decline in employment may have contributed to gold's slight downturn on Thursday in the Asian session, as it battled to reach $4,500. The US Dollar gained some support due to the ongoing US-Iran standoff and hawkish FOMC Minutes, capping the upside for gold.

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