Gold Falls 3.5% to 4-Month Low of $4,319 as U.S. Jobs Data Fuels Rate Hike Bets

Spot gold slid approximately 3.5% to hit an intraday low of $4,319.19 as of 02:33 Beijing time today, breaking below the December 31, 2025 floor of $4,319.37. The decline was driven by stronger-than-expected U.S. May nonfarm employment data, which boosted investor expectations for a Federal Reserve rate hike.
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