Wall Street Turns Bearish After Gold Breakdown as Main Street Gloom Lingers Ahead of Inflation Data

Gold showed high volatility last week as limited safe-haven support from Middle East tensions was outweighed by strong US labor data, rising Treasury yields and renewed Fed rate-hike worries. Prices opened at 4539.42 dollars per ounce, hit a high of 4545.55 before dropping to a low of 4311.93 after the robust jobs report.