Gold price pops back over $5,000, then trims gains as U.S. jobs data dents March cut bets
Gold rose 0.7% to $5,058.23 an ounce Wednesday but retreated from early highs after a strong U.S. jobs report dampened hopes for a near-term Fed rate cut. Nonfarm payrolls climbed by 130,000 in January, beating forecasts. Spot silver rebounded 3.1% to $83.04. Traders await inflation data due Friday.