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Gold slides after robust US payrolls boosts rate hike bets

Gold prices experienced a downturn on Friday, setting the stage for a weekly loss as solid US job data raised the bar for anticipated rate hikes by the Federal Reserve. This shift has rendered the non-yielding precious metal less desirable. Alongside gold, silver and platinum also saw drops. Investors are now keenly awaiting inflation updates for insights into policy adjustments.

5 Sep 2026 9:30 am