Economic TimesLean R·
Gold slides after robust US payrolls boosts rate hike bets
Gold fell on Friday and was headed for a weekly loss after stronger-than-expected U.S. jobs data boosted expectations that the Federal Reserve could raise interest rates as soon as this month, denting non-yielding bullion's appeal.Spot gold slipped 1.1% to $4,422.91 per ounce by 10:50 a.m. EDT (1447 GMT), putting it on track for a mild weekly decline. After the data, bullion fell more than 2% to an intraday low of $4,364.99 per ounce.U.S. gold futures for December delivery dropped 1.5% t…
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