Gold fell the most in more than a week as better-than-expected U.S. jobs data reduced its appeal as a safe haven. Applications for state unemployment insurance unexpectedly plunged to a fresh pandemic low as the recovery gathers steam. Still, renewed buying from India and China after a year on the sidelines could provide support for the precious metal going forward.
Gold declines amid stronger-than-expected U.S. jobs report
Reading Time: < 1 minute