Gold Falls 0.3% as Strong US Payrolls Boost Dollar and Yields
Spot gold fell 0.3% to $4,074.36 per ounce after stronger-than-expected US payrolls reinforced expectations that the Federal Reserve could keep interest rates higher for longer.
By Anushree MukherjeeGold prices fell 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 0.3% to $4,074.36 per ounce by 01:54 p.m. ET (1…