New Delhi, Feb. 12 -- Amid fading hopes of rapid rate cuts by the US Federal Reserve following upbeat jobs data, safe-haven assets fell marginally in Thursday's trade, while the firm US dollar also made precious metals less appealing to traders.
Earlier in the day, the April futures contract on Comex fell $33 per troy ounce to hit an intraday low of $5,065. At current levels, prices are trading at $5,088.
The data on Wednesday showed that the US economy created far more jobs than expected in January, which could make it more difficult for the Federal Reserve to continue cutting rates this year.
The US Bureau of Labor Statistics, in its shutdown-delayed report, said 130,000 jobs were added to nonfarm payrolls in January, well above fore...
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