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PRECIOUS-Gold falls about 3% as robust US jobs data cements bets on higher rates
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 Federal Reserve will maintain higher interest rates for an extended period due to ongoing inflation concerns.
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economictimes.indiatimes.com
Gold slips, set for weekly loss on Mideast tensions, rate-hike fears
Gold prices dipped, heading for a weekly decline as Middle East tensions overshadowed peace prospects. Rising inflation and potential interest rate hikes by the US Federal Reserve…
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Gold price today crashes over 1 per cent, check latest Gold rate
Gold rate today: U.S. Treasury yields jumped after the release of the jobs data, increasing the opportunity cost of holding non-yielding bullion.
