Gold prices settled lower on Friday, a day after marking their highest settlement level since August 2020, as a strong April U.S. jobs report fueled fresh doubt that the Federal Reserve will pause further interest-rate hikes.
Price action
Market drivers
Gold prices were dragged lower toward the psychologically important $2,000 mark “by the higher-than-expected headline [nonfarm payroll report], coupled with the unemployment rate matching a multidecade low,” Han Tan, chief market analyst at Exinity Group,…
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