Gold prices drop over 1% after strong US jobs data, but long-term trend remains intact.
ByBullRush
Saturday, Jun 7, 2025 8:38 am ET1min read
GORO--
Gold prices dropped 1% to $3,309.84 after U.S. May nonfarm payroll data exceeded expectations. Despite this, gold remains resilient, with analysts predicting a long-term upward trend supported by central bank purchases and dollar weakness. Silver and platinum also reached 13-year and 3-year highs, respectively, driven by investment demand and supply shortages.
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