Gold drops as strong US payrolls boost dollar, yields
Gold prices fell on Friday after stronger-than-expected US payrolls data reinforced expectations that the Federal Reserve could keep interest rates higher for longer, boosting the dollar and Treasury…
Attributed summary
Gold prices fell on Friday after stronger-than-expected US payrolls data reinforced expectations that the Federal Reserve could keep interest rates higher for longer, boosting the dollar and Treasury yields.Spot gold fell 0.3% to $4,074.36 per ounce by 01:54 p.m. ET (1854 GMT). The metal fell by more than 1% to hit a low of $4,033.29 earlier in the session.Spot gold was up 5.2% for the week, on track for its…
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