Gold Retreats to Weekly Low amid Strong Job Data and Powell's Comments Gold prices fell to a one-week low, influenced by strong U.S. employment figures and comments from Federal Reserve Chair Jerome Powell, which diminished expectations of early interest rate cuts. The anticipation of a more robust economic stance pushed the dollar and bond yields up, affecting gold’s appeal. By midday GMT on Monday, spot gold had decreased by 0.6% to $2,025.99 per ounce, marking its lowest point since January 29. Similarly, U.S. gold futures saw a 0.6% drop to $2,042.60 per ounce. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Over 80,000 Global Enthusiasts Flock to HongKong’s Twin Jewellery Shows READ MORE What Is the Gold Spot Price and How Is It Set? READ MORE Treasury Rally Stalls as Economic Concerns Overtake Haven Demand READ MORE Goldman’s $2,175 Target READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment