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Why is gold plunging after strong US jobs data?

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Gold prices slipped on Monday as a surprisingly strong US jobs report revived expectations that the Federal Reserve could raise interest rates this month, putting the focus firmly on this week’s inflation data. Spot gold fell 0.5% to $4,405…

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Why is gold plunging after strong US jobs data?
Invezz 1h ago

Why is gold plunging after strong US jobs data?

Gold prices slipped on Monday as a surprisingly strong US jobs report revived expectations that the Federal Reserve could raise interest rates this month, putting the focus firmly on this week’s inflation data. Spot gold fell 0.5% to $4,405…