Gold set for 5th-weekly loss as solid jobs report keeps rate-hike chance alive – MarketWatch
Economic Times |
Gold set for 5th-weekly loss as solid jobs report keeps rate-hike chance alive
MarketWatch Gold prices declined Friday, contributing to a loss for the week, as a relatively solid job-market snapshot for June backed expectations for higher U.S. interest rates this year. The U.S. nonfarm payrolls data “brought negative news for gold traders as … Gold edges down, set for biggest weekly drop in 2 months PRECIOUS-Gold at two-month low as US jobs rise makes rate hike likely Gold Dips on Rise in Bond Yields, Silver Plunges on Volume Spike |
