Robust Jobs Data Puts Pressure on Gold, Boosting Dollar Gold prices declined slightly Friday morning following a stronger-than-anticipated U.S. jobs report, which strengthened the dollar and reduced expectations for a significant Federal Reserve rate cut in November. The robust employment data, showing accelerated job growth and lower unemployment, suggests less pressure on the Fed to implement aggressive rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil's Surge: Algorithmic Buying Meets Geopolitical Tensions READ MORE SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets READ MORE Powell: Fed May Cut Rates Before Inflation Hits 2% Target READ MORE U.S. Treasury to Boost Long-Term Debt Sales READ MORE Charted: Workers Win As Wage Growth Outpaces Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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