Gold price slides as yields climb and the dollar firms; U.S. jobs report in focus
Gold fell 1.2% to $5,076.59 an ounce Thursday as rising U.S. Treasury yields and a stronger dollar outweighed safe-haven demand. U.S. crude jumped 8.5% to $81.01 a barrel. The SPDR Gold Shares ETF dropped 1.18%, while the VanEck Gold Miners ETF slid 3.83%. U.S. jobless claims held steady at 213,000, with no sign of imminent Fed rate cuts.