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Gold slides over 2% as strong US jobs data boosts Treasury yields, US Dollar

CJPN24 AI Desk••2 min read
Gold slides over 2% as strong US jobs data boosts Treasury yields, US Dollar
Gold slides over 2% as strong US jobs data boosts Treasury yields, US Dollar
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Gold (XAU/USD) edges lower on Friday after the US Nonfarm Payrolls (NFP) report beat expectations, boosting the US Dollar (USD) and reinforcing expectations that the Federal Reserve (Fed) will keep interest rates higher for longer.

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Source: FXStreet

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CJPN24 AI Desk

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