Skip to main content

MoneyWorks4Me

Gold futures trade lower after upbeat US job data

08 Aug 2022 Evaluate
Gold futures trade slightly lower in early deals of Monday, as the better than expected US job data spooked fears about aggressive interest rate hikes by Federal Reserve. The yellow metal investments also got pressured after dollar and US Treasury Bond yields gained strength.

Gold futures for August trade lower by $2.4 or 0.13% to $1788.80 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $2.90 or 0.12% to $1,773.31 per ounce.