Gold falls over 1% as strong US jobs data clouds outlook for rate cuts
By Ashitha Shivaprasad and Sherin Elizabeth Varghese – Gold prices slipped more than 1% on Friday after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year, while silver soared to its highest level since 2012. Spot gold fell 1.1% to $3,316.13 an ounce, as of 02:28 p.m. ET ,…