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 Summer Oil Spike Looms, Morgan Stanley Strategist Alerts READ MORE Zimbabwe’s new gold-backed currency: Can the ZiG restore confidence and stability? READ MORE Bank of Canada Highlights Investment Need to Combat Inflation READ MORE The TRUTH About Costco Gold Bars READ MORE Bitcoin: A Complement to Traditional Safe Havens like Gold and Silver READ MORE Add a Comment Cancel replyYour email address will not be published.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