Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying

Gold prices rose on rate cut expectations but fell due to a strong US nonfarm payroll report. The Dollar Index strengthened. Traders shifted rate cut expectations. Market awaits the US Federal Reserve’s decision. China’s Central Bank paused gold buying due to high prices. Gold prices rose on rate cut expectations but fell due to a strong US nonfarm payroll report. The Dollar Index strengthened. Traders shifted rate cut expectations. Market awaits the US Federal Reserve’s decision. China’s Central Bank paused gold buying due to high prices.  Economic Times