GeneralBearishCrypto Briefing · 3h ago6/10
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Spot gold extends losses, falls over 3% to $4,336 per ounce as strong jobs data rattles markets
Spot gold declined over 3% to $4,336 per ounce following strong U.S. jobs data, which renewed expectations for higher interest rates and shifted investment preferences away from non-yielding assets. This sell-off demonstrates how macroeconomic data directly influences traditional commodity prices and has downstream effects on global currency valuations and investment strategies.
