Gold Slides to $4,410 as Strong US Jobs Data Reinforces Fed Rate-Hike Bets

Spot gold fell 0.4% to $4,410.55 per ounce on September 7, 2026, per Reuters, as stronger-than-expected US payrolls firmed Federal Reserve rate-hike bets. December futures dropped 0.5% to $4,456.40. The decline extends a 21.8% drawdown from gold's January 28 record high. Higher rates raise the opportunity cost of holding non-yielding bullion. August PPI lands September 10; CPI follows September 11.