Gold price see solid selling pressure as U.S. economy created 172k jobs in May

U.S. jobs came in far stronger than expected, boosting expectations that the Federal Reserve has room to raise interest rates further to cool inflation. The immediate impact is bearish for gold, which is seeing surging selling pressure as higher-rate expectations lift real yields and strengthen the hawkish policy outlook. This is market-wide macro news with meaningful implications for rates, inflation, and precious metals.

Analysis

U.S. jobs came in far stronger than expected, boosting expectations that the Federal Reserve has room to raise interest rates further to cool inflation. The immediate impact is bearish for gold, which is seeing surging selling pressure as higher-rate expectations lift real yields and strengthen the hawkish policy outlook. This is market-wide macro news with meaningful implications for rates, inflation, and precious metals.