Saturday, July 8, 2017

Gold Prices May Fall as US Jobs Data Stokes Fed Rate Hike Bets

  • Gold price selloff may restart as US jobs data stokes Fed rate hike bets.
  • Gold prices paid little attention to the mixed bag of US data releases yesterday, opting to consolidate in a now-familiar range that has contained prices following a sharp plunge earlier in the week. The ADP estimate of US jobs growth undershot expectations but the ISM measure of service-sector activity growth vastly outperformed,