"Commodity" U.S. interest rate cut expectations decline, gold price falls by 1%
U.S. employment data exceeded expectations, reinforcing the market's view that the Federal Reserve is unlikely to cut interest rates as quickly as previously anticipated, diminishing the appeal of gold, leading to a decline in gold prices. Spot gold fell 1% to $3,325.5 per ounce.
August gold futures fell $24.2 or 0.7% to $3,335.5 per ounce.
September silver prices rose 0.4% to $36.885 per ounce.
July copper prices fell 1.1% to $5.094 per pound.
October platinum prices fell 4% to $1,375.8 per ounce.
September palladium prices fell 1.6% to $1,149 per ounce
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