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Gold prices nudged lower Monday after robust U.S. jobs data reinforced expectations for higher interest rates. Traders also looked ahead to key U.S. inflation prints later this week for clarity on the Federal Reserve’s policy path.
Gold fell and was headed for a weekly loss after stronger-than-expected U.S. jobs data boosted expectations the Federal Reserve could raise rates as soon as this month. Spot gold slipped 1.1% to $4,422.91/oz.