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Investors need to remember how psychologically the market trades. While traders want volatility to calm down before they take bigger positions- that does mean that investors need to wait until the sky is blue.

The U.S. stocks bolted higher on the back of surprisingly cheerful jobs report which activated a chain reaction by raising the buying interest that further pushed both the Dow Jones and S&P 500 to multi-month highs, while the NASDAQ Composite hit its greatest level in more than a decade.

Gold futures ended lower in the domestic market on Thursday as investors and speculators exited positions in the precious metal tracking weakness in the overseas market as fears that the US Federal Reserve is getting closer to raising interest rates for the first time in almost a decade soured the appeal of the bullion as a store of value

FOMC - Closing months of speculation, observation and for the 1st time in the decade, the US Fed Reserve's rate-setting Fed Open Market Committee (FOMC) increased its Fed Funds Rate by 25 basis pts from the 0-0.25 per-cent range to a target of 0.25-0.5 per-cent.