Gold Dips as US Jobs Data Cements Bets for Smaller Rate Cut
Singapore, 7 Oct (ONA) —- Gold prices eased today as bets
firmed for a smaller US rate cut in November after strong jobs data.
Spot gold slipped 0.2% to $2,647.49 per ounce. US gold futures
were unchanged at $2,667.10.
The stronger-than-expected September jobs report, released on
Friday, poured cold water on expectations of a large Fed rate cut
next month, boosting the dollar.
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