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Gold declines as strong U.S. jobs data boosts the dollar

Gold prices slipped to $4,658.90 on Monday as strong U.S. jobs data lifted the dollar. Markets await a press conference from Donald Trump regarding the Iran war.

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The price of Gold retreated on Monday as a surging dollar and strong labor data from the United States weighed on the precious metal. Investors are currently recalibrating their expectations for interest rate cuts while monitoring the geopolitical friction involving Iran.

A collection of gold bullion bars stored at Baird & Co in London's Hatton Garden district, photographed in October 2025. REUTERS/Hiba Kola/File Photo
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