Gold drops over $100 to $4,124

Gold prices fell by more than $100, reaching $4,124 per ounce, after hitting a daily high of $4,227. This decline followed the release of US jobs data that reassured the market, despite rising bond yields and US dollar indices. The decrease came after a surprising surge in gold prices following strong employment data, but the market retraced due to pressure from rising yields and the dollar.

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