Gold Slips on Rate Hike Bets and US Data
Gold prices slipped on Monday following strong U.S. jobs data that fueled expectations for higher interest rates. Investors now await upcoming consumer and producer price inflation reports.
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Gold fell 0.7% to $4,398.13 per ounce on Monday morning after strong United States jobs data bolstered rate-hike expectations. The drop follows a 1% decline on Friday as investors await key inflation prints. Markets are recalibrating monetary policy bets ahead of the upcoming FOMC meeting.
