Skip to main content

MoneyWorks4Me

Gold futures finish sharply lower on strong jobs report

06 Jun 2026 Evaluate
Gold futures finished sharply lower on Friday, as the stronger-than-expected US jobs report saddled safe haven appeal of the bullion. Additionally, strength in dollar and rising US Treasury bond yield notes have also weigh on the yellow metal.

Gold futures for August delivery tumbled by $139.70 to 3.10% to settle at $ 4,365.30 an ounce on the Comex division of the New York Mercantile. While, spot gold plunged by $ 146.35  or 3.27 % to $ 4,328.45 an ounce.