Gold prices eased on Monday as bets firmed for a smaller U.S. rate cut in November after strong jobs data, while investors awaited inflation data and comments from Federal Reserve officials for further cues.
Spot gold
GOLD
slipped 0.3% to $2,643.13 per ounce by 0649 GMT. U.S. gold futures
GOLD
edged 0.2% lower to $2,662.70.
The stronger-than-expected September jobs report, released on Friday, poured cold water on expectations of a large Fed rate cut next month, boosting the dollar.
Spot gold
GOLD
slipped 0.3% to $2,643.13 per ounce by 0649 GMT. U.S. gold futures
GOLD
edged 0.2% lower to $2,662.70.
The stronger-than-expected September jobs report, released on Friday, poured cold water on expectations of a large Fed rate cut next month, boosting the dollar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.