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Gold, silver dip as dollar rises after strong US jobs data
Gold and silver fell on Thursday as the U.S. dollar firmed after stronger-than-expected January jobs data dented expectation for near-term interest rate cuts, while investors awaited inflation data due on Friday for more monetary policy cues. • Spot gold was down 0.4% at $5,058.64 per ounce by 0134 GMT after rising more than 1% in the previous session. • U.S. gold futures for April delivery lost 0.3% to $5,080.0 per ounce. • Spot silver fell 1.4% to $82.87 per ounce, after a 4% climb on Wednesday. • The U.S. dollar index rose, building on Wednesday's rally following the surprisingly strong employment report ... (full story)
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