Gold Holds Decline as US Jobs Data Fan December Rate Hike Bets

Gold prices declined following the release of stronger-than-expected US employment data. The jobs report strengthened expectations among market participants that the Federal Reserve may raise interest rates at its December meeting. Higher interest rates typically increase the opportunity cost of holding non-yielding assets like gold.

• Bloomberg — Gold Holds Decline as US Jobs Data Fan December Rate Hike Bets

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