Gold dips on strong US jobs report
Gold prices eased on Monday following a robust U.S. jobs report that heightened expectations for a Federal Reserve interest rate hike this month. Spot gold fell 0.2 percent as investors awaited crucial upcoming inflation data for further monetary policy direction.
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Gold fell 0.2% to $4,421.04 per ounce on Monday morning as a strong United States jobs report lifted bond yields. The decline extends last week's losses driven by growing expectations of a Federal Reserve rate hike. Higher interest rates typically weigh on non-yielding bullion despite ongoing inflation pressures.
