Gold Pares Gains as US Jobs Data Reinforces Higher-Rate Bets (opens in new tab)
(Bloomberg) -- Gold pared gains after robust US jobs data reinforced bets that the Federal Reserve will keep interest rates higher for longer, a headwind for the precious metal.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtCanada Dips Into Technical Recession for First Time Since 2020SpaceX Staffers Prep for Multimillion-Dollar Windfalls by Pushing for VIP TermsAndrew Left Found Guilty in Case That
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