Asia · Financial press · The Economic Times

Gold drops as strong US payrolls boost dollar, yields

Published by The Economic Times · India 1 h ago

Detailed summary

In light of stronger-than-anticipated US payroll figures, gold prices dipped significantly as the data suggested a robust labor market. This development heightened expectations for sustained high-interest rates from the Federal Reserve, bolstering the dollar's strength. Spot gold saw a decline of 0.3% to reach $4,074.36 per ounce, while US gold futures fell by 0.9%.

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Gold drops as strong US payrolls boost dollar, yields

Detailed summary

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