Gold Retreats to Weekly Low amid Strong Job Data and Powell's Comments Gold prices fell to a one-week low, influenced by strong U.S. employment figures and comments from Federal Reserve Chair Jerome Powell, which diminished expectations of early interest rate cuts. The anticipation of a more robust economic stance pushed the dollar and bond yields up, affecting gold’s appeal. By midday GMT on Monday, spot gold had decreased by 0.6% to $2,025.99 per ounce, marking its lowest point since January 29. Similarly, U.S. gold futures saw a 0.6% drop to $2,042.60 per ounce. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE Hoenig Cautions Against Expecting Three Rate Cuts Amid Economic Resilience READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Tax Season and Rising Debt Costs Push U.S. February DeficitWider READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
