Gold Slips as Robust US Hiring Strengthens Fed Rate-Hike Case

Spot gold fell 0.4% to $4,410.55 on September 7, 2026 (Reuters), as strong US payrolls boosted expectations of further Fed rate hikes. December futures dropped 0.5% to $4,456.40. Gold is now down 21.8% from its January record. Higher rates make non-yielding gold less attractive. August PPI lands September 10; CPI follows September 11.