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Gold price (XAU/USD) tumbles to near $4,150 during the early Asian session on Thursday, pressured by elevated US Treasury bond yields. Traders await the US September employment data for fresh impetus, which will be released later on Friday.
Markets see a 70% chance the Fed raises rates in October, weighing on bullion that shed 4% the previous session
Gold prices tumbled to a seven-week low on Monday as surging U.S. Treasury yields, a stronger dollar and rising expectations for another Federal Reserve rate hike outweighed safe-haven demand from the ongoing Iran conflict.At the time of writing, spot gold was down 3% to around $4,156 per ounce, it…