Gold Slips 1.5% as Dollar Strengthens Post Robust Employment Data
On Friday (Dec. 8), gold futures faced a downward trend, experiencing a 1.56% decline and closing at $2,014.50 per ounce, reflecting pressure from a strengthening dollar and rising US bond yields. The surge in the dollar’s value emerged as traders adjusted their expectations, scaling back anticipations of a US interest rate cut in March next …
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