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Bitcoin and Gold Plunge as Blowout US Jobs Data Revives Fed Hike Bets

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • August US payrolls surged to 162,000, tripling forecasts and revising prior months upward.
  • The blowout jobs report revived Federal Reserve interest rate hike bets, triggering sharp selloffs and heavy leveraged liquidations across both Bitcoin and gold as the dollar strengthened.
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XAUUSD price history

4334.70 -9.05% over the displayed period

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