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Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets

Bloomberg Markets · Jun 5, 2026, 6:40 PM · Also reported by 3 other sources

Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.

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Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets

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