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Bloomberg

Gold drops as much as 3.6% to $4,315.04 after May US jobs beat forecasts

Gold slid sharply on Friday, falling as much as 3.6% to $4,315.04 an ounce and wiping out its gains for the year. The move followed May US employment growth beating all forecasts, which pushed up bond yields and the dollar and reinforced expectations the Federal Reserve could raise rates in 2026.
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