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Gold costs below strain as U.S. jobs information dampens bets of Fed price minimize | Commodities Nook

On Monday, gold costs skilled a decline because the U.S. greenback and Treasury yields surged following a robust jobs report that dashed expectations of imminent rate of interest cuts from the Federal Reserve. At 0556 GMT, spot gold was down 0.5% at $2,029.03 per ounce, whereas U.S. gold futures fell 0.4% to $2,045.50 per ounce. Catch Manisha Gupta with extra particulars