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The Economic Times
The Economic Times
Business

Gold eases as robust US payrolls boost rate-hike bets; inflation data in focus

United States Gold Inflation US Federal Reserve

Gold prices nudged lower on Monday as strong U.S. ​jobs data reinforced expectations for ​higher interest rates, while market participants awaited key U.S. ​inflation prints due later this week for further clarity on the Federal Reserve's policy path.

Spot gold was down 0.5% at $4,405.47 per ounce, as of 0211 GMT, after falling 1% on ‌Friday.

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