RE:locking in short profits“Precious metals could surprise to the upside today. Investors seem to have built some short positions across precious metals since the start of the week on expectations of a stronger US jobs report, reflected in the stronger expectation of a Fed move in September,” FastMarkets analyst Boris Mikanikrezai said. “But given our view that the Fed is unlikely to raise rates in September even if US jobs numbers are robust because of rising downward risks to the inflation outlook, a short-covering rally may develop once the market starts to revise lower the probability of a Fed rate rise in September.” - See more at: https://www.bulliondesk.com/gold-news/us-gold-open-gold-reacts-favorably-to-mixed-us-jobs-report-119966/#sthash.E7GFrbM1.dpuf