Bears keep hold of bullion on upbeat US economy data

08.08.2022

Gold prices extended losses to slide more than 1% on Friday as an encouraging U.S. jobs report eased recession worries and raised hopes the Federal Reserve will stick to its aggressive tightening path.

Spot gold fell 1.2% to $1,769.99 per ounce by 09:31 a.m. (1331 GMT). Prices were up 0.4% so...