Gold slides as robust U.S. jobs data boosts near-term Fed hike bets
Gold fell Friday and was headed for a weekly loss after stronger-than-expected U.S. jobs data boosted expectations the Federal Reserve could raise interest rates as soon as this month. Spot gold slipped 1.2% to $4,419.09/oz.
By Sumit SahaGold fell on Friday and was headed for a weekly loss after stronger-than-expected U.S. jobs data boosted expectations that the Federal Reserve could raise interest rates as soon as this month, denting non-yielding bullion's appeal.Spot gold TVC:GOLD slipped 1.2% to $4,419.09 per ounce…