Gold prices under pressure as U.S. jobs data dampens bets of Fed rate cut | Commodities Co
Gold prices under pressure as U.S. jobs data dampens bets of Fed rate cut | Commodities Corner
On Monday, gold prices experienced a decline as the U.S. dollar and Treasury yields surged following a strong jobs report that dashed expectations of imminent interest rate cuts from the Federal Reserve. At 0556 GMT, spot gold was down 0.5% at $2,029.03 per ounce, while U.S. gold futures fell 0.4% to $2,045.50 per ounce. Catch Manisha Gupta with more details
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