Singapore, 3 June 2026 – Gold edged lower as stronger US labour-market signals reinforced expectations that interest rates may remain elevated for longer, limiting demand for the non-yielding metal even as geopolitical uncertainty continued to provide some safe-haven support.
Bullion remained under pressure after US job openings data pointed to a still-resilient labour market. The April Job Openings and Labor Turnover Survey showed openings rising to 7.6 million, suggesting that the Federal Reserve may have less urgency to shift toward easier monetary policy. For gold, that matters because higher interest rates increase the opportunity cost of holding bullion, which does not generate income.
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