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Reuters reported that gold prices fell again on Monday after strong US jobs data gave a boost to the dollar.
Reuters reported that gold prices fell again on Monday after strong US jobs data gave a boost to the dollar.
As quoted in the publication:
A short-covering rally initially swept the metal higher after the data, which at first failed to significantly lift the U.S. currency. Gold ended Friday up 2.3 percent, its biggest one-day advance since January, but failed to hold those gains.
Spot gold was down 0.9 percent at $1,077.11 an ounce at 1450 GMT, while U.S. gold futures for February delivery were down $7.70 an ounce at $1,076.20. On Friday, it touched its highest since Nov. 16 at $1,088.70.
