Dollar Rally Pressures Gold as Trump Trade Policy Fears Curb Losses
Gold prices slipped 0.5% to $2,677.13 per ounce after stronger-than-expected U.S. jobs data eased hopes for earlier Federal Reserve rate cuts. A firmer dollar added downward pressure on bullion, though persistent uncertainty over President-elect Trump’s trade proposals and ongoing inflation concerns continued to lend underlying support to the metal. Investors reacted quickly to the labor … Read more