Gold's Surge to Three-Month High Choked Off in Fed-Fears Redux
- Report shows drop in U.S. unemployment, gain in earnings
- Fed-fund futures show increase in December rate-rise odds
Gold ETFs Growing Rapidly This Year
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Just when it finally looked safe to jump back into gold, investors are once again facing the specter of rising U.S. interest rates.
A government report Friday showed the U.S. jobless rate fell in January to the lowest since 2008, while hourly earnings rose more than estimated, bolstering the case for the Federal Reserve to tighten monetary policy further. The dollar advanced, curbing gold’s appeal as an alternative asset. The metal receded from a three-month high touched before the jobs report.