Moneycontrol PRO
X

business

Gold prices under pressure as U.S. jobs data dampens bets of Fed rate cut | Commodities Corner

On Monday, gold prices experienced a decline as the U.S. dollar and Treasury yields surged following a strong jobs report that dashed expectations of imminent interest rate cuts from the Federal Reserve. At 0556 GMT, spot gold was down 0.5% at $2,029.03 per ounce, while U.S. gold futures fell 0.4% to $2,045.50 per ounce. Catch Manisha Gupta with more details

first published: Feb 5, 2024 01:39 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347