10-08-2021, 08:06 AM
PUBLISHED MON, AUG 9 20212:39 AM EDT UPDATED 4 HOURS AGO
Gold slumped to a more than four-month low on Monday, as strong U.S. jobs data bolstered expectations for an early tapering of the Federal Reserve’s economic support measures.
Spot gold shed 2.1% to US$1,725.96 per ounce by 1:40 p.m. ET. U.S. gold futures settled 2.1% down at US$1,726.50.
Silver was caught in gold’s slipstream and hit its lowest in more than eight months, at US$22.50 per ounce. It was last down 4% to US$23.35.
https://www.cnbc.com/2021/08/09/gold-mar...moves.html
Gold slumped to a more than four-month low on Monday, as strong U.S. jobs data bolstered expectations for an early tapering of the Federal Reserve’s economic support measures.
Spot gold shed 2.1% to US$1,725.96 per ounce by 1:40 p.m. ET. U.S. gold futures settled 2.1% down at US$1,726.50.
Silver was caught in gold’s slipstream and hit its lowest in more than eight months, at US$22.50 per ounce. It was last down 4% to US$23.35.
https://www.cnbc.com/2021/08/09/gold-mar...moves.html