Gold Eases on Strong US Jobs Data
Gold prices eased on Monday following a robust U.S. jobs report that heightened expectations for a Federal Reserve rate hike. Investors now await upcoming inflation data for further direction.
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Gold fell 0.4% to $4,410.55 per ounce on Monday afternoon following strong United States jobs data that heightened expectations for an interest rate hike. The pullback follows Friday's robust employment report, which pushed bond yields higher. Markets are now pricing in a 60% probability of a policy rate increase at the central bank's meeting next week.
