Gold Pares Gains as U.S. Jobs Data Reinforces Higher-Rate Bets

Gold pared earlier gains after stronger-than-expected U.S. jobs data reinforced expectations that the Federal Reserve will keep interest rates higher for longer. Higher rates tend to pressure non-yielding assets like gold, prompting some investors to take profits despite ongoing demand for safe-haven assets. The metal remained supported by geopolitical uncertainty and broader economic concerns, but traders are closely watching upcoming inflation and Fed policy signals for clues on gold’s next move