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Gold and Gold-Related Stocks Slump as Hot US Jobs Data Dampens Rate-Cut Hopes : comparemela.com
Gold and Gold-Related Stocks Slump as Hot US Jobs Data Dampens Rate-Cut Hopes
Government data showing a strong U.S. labor market pushed back traders' expectations of when the Federal Reserve could move to cut rates, sending bond yields higher while pulling down prices of gold, gold ETFs and gold-related stocks.
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