Gold Prices Drop as Strong US Jobs Report Boosts Dollar & Yields
Gold prices fell 0.80% Thursday to $3,332, down from a high of $3,365. This drop was due to a strong US Nonfarm Payrolls report, which boosted the US Dollar and reduced expectations of a Fed rate cut in July. June’s US employment report surpassed estimates and May’s figures, with the Unemployment Rate nearing 4%, showing…
