Gold price declines as strong US jobs data boosts Fed rate hike bets
Gold (XAU/USD) is consolidating after its recent pullback as markets reassess the outlook for US interest rates. The latest employment report showed stronger job growth and a steady unemployment rate. This increased expectations that the Federal Reserve could raise rates at its September meeting.
Gold (XAU/USD) is consolidating after its recent pullback as markets reassess the outlook for US interest rates. The latest employment report showed stronger job growth and a steady unemployment rate. This increased expectations that the Federal Reserve could raise rates at its September meeting.
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