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Gold Slips as Robust US Payrolls Lift Dollar and Fed Rate Hike Odds

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Gold futures declined following stronger August payrolls, which boosted Treasury yields and the US dollar on elevated Fed rate hike expectations.
  • While bullion regained some ground, market focus now turns to upcoming US CPI data for clarity on future policy direction.
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XAUUSD price history

4320.80 -5.83% over the displayed period

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