Spot Gold Falls 3.5% to Below $4,320/oz on June 6 as Strong U.S. Jobs Data Spark Rate Hike Expectations

According to Jin10, strong U.S. employment data on June 6 sparked expectations of Federal Reserve rate hikes, pushing spot gold prices down 3.5% to below $4,320 per ounce and erasing year-to-date gains. Bond yields and U.S. dollar strength both rose during the session.
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