Investors Eye Inflation as Gold Slips Toward $4,000 Amid Strong NFP and Middle East Uncertainty | Metals Mine

  • Investors Eye Inflation as Gold Slips Toward $4,000 Amid Strong NFP and Middle East Uncertainty

    From fxleaders.com

    Gold ended last week with significant losses, falling more than $200 as investors reacted to a combination of stronger-than-expected U.S. economic data and shifting geopolitical developments. The decline accelerated on Friday after the May U.S. non-farm payrolls report surprised to the upside, sending the U.S. dollar and Treasury yields sharply higher while reducing demand for non-yielding assets such as gold. The stronger dollar made gold more expensive for overseas buyers, while rising bond yields increased the opportunity cost of holding bullion, resulting in broad selling pressure across precious metals. U.S. ... (full story)

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