Spot Gold Falls 3.5% on June 6, Breaks Below $4,320 Amid Fed Rate Hike Expectations

According to Jin10, spot gold fell approximately 3.5% on June 6 (US session), breaking below $4,320 per ounce, erasing its year-to-date gains. The decline was driven by market expectations for potential U.S. Federal Reserve rate hikes following strong employment data. Bond yields and the U.S. dollar rose simultaneously, pressuring the non-yielding precious metal.
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