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Gold prices fall as strong US jobs data boosts rate hike expectations

<p>New York: Gold prices fell on Friday and were heading for a weekly loss after stronger-than-expected US jobs data increased expectations that the Federal Reserve could raise interest rates at its 15-16 September meeting.</p> <p>Spot gold fell 1.2% to $4,419.09 an ounce, after dropping more than 2% earlier in the session to $4,364.99. US gold futures for December delivery fell about 1.4% to…

Gold prices fall as strong US jobs data boosts rate hike expectations

We haven't written up this one. The Peninsula Qatar Business has the full story — the link below goes straight to it.

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