Stronger Jobs Data Triggers Over 2% Decline in Gold Prices Gold prices fell over 2% after stronger-than-expected U.S. jobs data dampened hopes for interest rate cuts this year. Spot gold dropped 2.5% to $2,315.36 per ounce, and U.S. gold futures fell 2.4% to $2,333.30. The bearish sentiment was further influenced by China halting its gold purchases in May. The robust jobs report showed 272,000 new jobs in May, outpacing the expected 185,000, with average hourly earnings rising by 0.4%. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Ways Can I Receive Payment for My Gold? READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE Japan's GPIF Explores Diversification into Forests, Gold, and Bitcoin READ MORE McDonald’s $5 Meal Deal Highlights Inflation Battle READ MORE Huge BRICS Power Play & A Growing Trend Towards Physical Gold READ MORE Add a Comment Cancel replyYour email address will not be published.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