This despite the Ukraine war and talks of more sanctions against Russia supporting safe-haven demand
Safe haven: Citi has upgraded its targets for the gold price. Picture: 123RF/strelok
Spot gold was down 0.3% at $1,917.55 per ounce by 6.34am. U.S. Gold futures slipped 0.2% to $1,920.30. US job data showed the unemployment rate falling to a new two-year low of 3.6% and wages re-accelerating, positioning the Fed to raise interest rates by a hefty 50 basis points in May.
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