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Wall Street on the brink of bearish majority after gold's post-payrolls slide, Main Street abandons bullish bias as metals test support

Source: kitco.com

Commodities & Raw MaterialsInterest Rates & YieldsCurrency & FXMonetary PolicyEconomic Data
Wall Street on the brink of bearish majority after gold's post-payrolls slide, Main Street abandons bullish bias as metals test support

Gold prices fell sharply during the week as rising Treasury yields, a stronger U.S. dollar, and renewed expectations for Federal Reserve rate hikes outweighed safe-haven demand. A weak Friday payrolls report briefly supported bullion but failed to generate a sustained rebound, leaving gold vulnerable to continued rate and dollar strength.

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