Gold falls over 1% as strong US jobs data clouds outlook for rate cuts

By X-blogger - on June 9, 2025

Gold prices slipped more than 1% on Friday after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year, while silver soared to its highest level since 2012.

The Gold-Dollar pair plummeted 1.3% in the last session. The Stochastic indicator is giving a positive signal.
Support: 3217 | Resistance: 3423.7

  • Enjoy our regulated platform

    • Write a comment

    Your email address will not be published. Required fields are marked *

    No comments yet, Be the first!
    Special Offer
    First Deposit Bonus

    First Deposit Bonus | Phone Verification | First Trade on us | Account Verification

    Cash Back Bonus

    As a valued client, you can earn 'mileage points', from your trading volume.

    Become an Xtrade VIP

    Become an Xtrade VIP. For our VIP members, we go the extra mile with.