Gold Swings as Strong U.S. Jobs Revive Fed Rate Hike Bets
Gold prices swung sharply last week as traders moved between rising bond yields, changing Federal Reserve expectations and renewed tensions in the Middle East. Spot gold dropped to a two-week low of $4,328.60 per ounce on Tuesday as U.S. Treasury yields rose and the dollar strengthened. It then rebounded 2.3% to $4,488.54 on Thursday after […]
