Gold, Silver Prices Drop as Strong US Jobs Data Dampens Rate Cut Hopes

• Gold and silver prices fell on Thursday due to a stronger US dollar and robust US labor market data.
• Strong jobs data dampened expectations of an early interest rate cut by the Federal Reserve.
• Spot gold dropped 0.4% to $5,058.64 per ounce, while spot silver fell 1.4% to $82.87 per ounce.
• Investors are now awaiting key US inflation data for further clues on policy direction.
• Reaching $6,000 per ounce for gold would require "crisis-like conditions" and a combination of factors, according to Ross Maxwell.