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Gold drops as strong US payrolls boost dollar, yields

Source: Economic Times · Nov 07, 2026 04:10 UTC

The Quick Take

In light of stronger-than-anticipated US payroll figures, gold prices dipped significantly as the data suggested a robust labor market. This development heightened expectations for sustained high-interest rates from the Federal Reserve, bolstering the dollar's strength. Spot gold saw a decline of 0.3% to reach $4,074.36 per ounce, while US gold futures fell by 0.9%. However, Indian retail demand p

Read the full story at Economic Times →

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