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 U.S., Japan, and South Korea Unite to Stabilize Dollar READ MORE VP Harris Pledges No Fracking Ban, Emphasizes Clean Energy Progress READ MORE Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally READ MORE Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 READ MORE Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE Add a Comment Cancel replyYour email address will not be published.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