Gold Falls 1.5% After Jobs Data

Gold prices declined by more than 1.5% today, Friday, following the release of the U.S. August jobs report, which showed the economy adding 162,000 jobs—surpassing analysts' expectations—while the unemployment rate remained at 4.1%. The price of gold dropped by 1.62%, reaching approximately $4,401 per ounce, after limited weekly gains, as investors remained cautious ahead of upcoming U.S. employment data and its potential impact on the markets.

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