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Gold slides 1% as strong US jobs data clouds rate cut bets
Credit: IndiaTimes- Published on December 8, 2023
Gold prices fell on Friday as the dollar and Treasury yields strengthened after traders lowered bets for US interest rate cuts to materialize by March next year following a stronger-than-expected jobs data. Spot gold fell 1% to $2,008.79 per ounce by 9:55 a.m. ET (1455 GMT), and was down nearly 1% for the week so far. US gold...
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