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COMEX Gold Falls 0.53% as U.S. April Nonfarm Payrolls Hit 115K, Pressuring Rate-Cut Bets

GateNews
Metals

According to Chinatimes Futures citing China Pacific Securities, COMEX gold fell 0.53% today (May 11) as stronger-than-expected U.S. employment data reinforced expectations for higher interest rates. U.S. nonfarm payrolls rose 115,000 in April, nearly double the market forecast of 62,000, while March figures were revised upward to 185,000, signaling resilience in the labor market. The strong jobs report, combined with elevated geopolitical inflation concerns, has further pressured market expectations for a Federal Reserve rate cut in June.

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