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US Stocks and Gold Slide as Hot Payrolls Fuel Fed Rate Hike Bets

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

News Summary

  • US equity indexes and precious metals dropped after August nonfarm payrolls surged by 162,000, almost tripling estimates and raising September Fed rate hike odds to 58%.
  • Apple sank 2.5% on reported foldable iPhone production bottlenecks, while crude ticked higher amid rising Middle East tensions.
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Stored market data

XAUUSD price history

4408.90 -4.49% over the displayed period

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