Gold price declines close to 2.7% on Thursday amid the lack of a clear catalyst, as US jobs data during the last couple of days was solid, despite of the number of Americans filing for unemployment benefits rose more than expected. At the time of writing, XAU/USD trades at $4,945 after reaching a daily high of $5,100. Precious metals are collapsing during the day amid a lack of a clear catalyst, but there are factors emerging that can be driving price action. US equities are dropping amid potential further AI disruption, as a press release from Algorhythm Holdings (RIME) announced its SemiCab platform, now in live ... (full story)