Gold Falls 1% as Strong US Payrolls Boost Dollar and Yields
Gold prices fell 1% on Friday after stronger-than-expected US payrolls reinforced expectations that the Federal Reserve could keep rates higher for longer. Spot gold was down 0.6% at $4,062.11 an ounce by 12:35 p.m. ET.
By Anushree MukherjeeGold prices fell 1% on Friday after stronger-than-expected US payrolls data reinforced expectations that the Federal Reserve could keep interest rates higher for longer, boosting the dollar and Treasury yields.Spot gold TVC:GOLD fell 0.6% to $4,062.11 per ounce by 12:35 p.m. ET…