![Gold declined on a strong dollar and expectations for a gentle landing for the robust American economy](https://market-tracker.in/wp-content/uploads/2023/05/thinkstockphotos461251551-5bfc3b1446e0fb0083c48d56.jpg)
Gold declined on a strong dollar and expectations for a gentle landing for the robust American economy
The dollar strengthened and expectations of a gentle landing for the sturdy U.S. economy dampened demand for gold as a safe haven yesterday, causing it to close down -0.07% at 59432. Initial claims increased only somewhat, as anticipated, but job losses were at their lowest level in almost a year and both labour prices and…