Gold prices fell by 1%, below $2,000, Monday, April 10, after US jobs data showed continued strength in the labor market, which reinforced expectations that the US Federal Reserve would raise interest rates again in May.
Spot gold fell 0.8% to $1,992.97 an ounce by 06:13 GMT. US gold futures fell 0.9% to $2007.80.
The dollar index rose 0.1%, making the precious metal more expensive for buyers abroad.
US jobs data
Data published by the US Labor Department on Friday showed non-farm payrolls increased by 236 thousand jobs in March, compared to expectations of 239 thousand. The data also showed that the unemployment rate fell to 3.5%, compared to 3.6% in the previous month.
other precious metals
As for other precious metals, silver fell in spot transactions by 1% to $24.75 an ounce, while platinum fell 0.7% to $1,000.78, and palladium fell 0.1% to $1,464.79.
