Gold Prices Tumble Amid Rate Hike Expectations and Inflation Fears
Gold prices slipped on Monday as strong U.S. jobs data reinforced expectations for higher interest rates, sending investors seeking clarity on the Federal Reserve's policy path.
The spot gold price fell by 0.6% to $4,402.86 per ounce as of 0420 GMT, following a 1% drop on Friday.
Investors are awaiting key U.S. inflation reports due later this week for further insight into the Fed's policy decisions.