Spot gold drops 1.1% as strong August jobs data lifts dollar
Spot gold fell 1.1% to $4,422.91 after touching $4,364.99. U.S. employers added 162,000 positions in August versus 56,000 expectations; unemployment held at 4.1% and hourly earnings rose 0.3%.
Spot gold fell 1.1% to $4,422.91 after touching $4,364.99.
Silver fell, and cryptocurrencies tumbled.Employers in the U.S. created 162,000 new positions in August, well above expectations of 56,000.
The unemployment rate remained at 4.1% while average hourly earnings increased 0.3%.
The report caus…