Gold prices plummet as strong US jobs data fuels expectations of Fed rate hikes, impacting bullion and bond markets.

Strong jobs data and expectations the Federal Reserve will maintain or raise interest rates this year pushed gold and silver prices to two-month lows on Friday.

Gold rate today: U.S. Treasury yields jumped after the release of the jobs data, increasing the opportunity cost of holding non-yielding bullion.

Gold prices plummet as strong US jobs data fuels expectations of Fed rate hikes, impacting bullion and bond markets.

Gold prices experienced a significant drop of approximately 3% on Friday, influenced by a stronger-than-expected U.S. jobs report. This data reinforced expectations that the…