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Gold Prices Fall as Us Employment Data Is Impressive
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The United States recently released better-than-expected employment data, which strengthened market confidence and made people believe that the Federal Reserve (Fed) is unlikely to cut interest rates ahead of schedule, causing gold prices to fall by about 1% on Thursday (3rd), Eastern Time.
Analyst Quásar Elizundia reported that the gold market receded slightly during Thursday's trading session, as employment data turned out to be higher than anticipated.This suggests that the Federal Reserve could maintain higher interest rates for longer, which reduces the attractiveness of gold as an investment, as it does not offer performance like bonds.THE MAY INTEREST: Trump's trade policies scare off BYD, suspends construction of its plant …
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