Spot Gold Falls 3.5% to Below $4,320/oz on June 6 as Strong U.S. Jobs Data Spark Rate Hike Expectations
According to Jin10, strong U.S. employment data on June 6 sparked expectations of Federal Reserve rate hikes, pushing spot gold prices down 3.5% to below $4,320 per ounce and erasing year-to-date gains. Bond yields and U.S. dollar strength both rose during the
GateNews·06-07 19:17