Metals Stocks: Gold heads to 4-month low as job data, volatility loom

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Gold futures put up narrow price gains Thursday, trying to snap what had been a four-session slide as mostly upbeat economic data so far this week kept alive expectations for higher U.S. interest rates yet this year, and cut demand for gold as a lower-risk alternative.

Gold has struggled to rebound from Tuesday’s 3% drop, the largest in some 15 months, and analysts had warned that any recovery in prices could be short-lived amid ongoing expectations the Federal Reserve could pull the lever on rates in December, in what would be the central bank’s second rate hike in a year.

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