Gold prices plunged over 3% as robust US jobs data boosted expectations of Federal Reserve rate hikes, with rising bond yields and a stronger dollar pressuring the precious metal.

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…