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Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets

By Bloomberg Markets June 05, 2026 Bullish
Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets
Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.
Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.