Gold prices were flat on Monday, with the dollar and US bond yields rising after strong jobs data raised expectations for a sharp interest rate hike.
There was little change in the price of gold in spot transactions at $ 1922.43 an ounce by 2:02 GMT, while US gold futures rose 0.2% to 1927.50 dollars.
The dollar rose strongly at the beginning of the week after US Treasury yields rose with the expectation that interest rates would rise quickly, CNBC Arabia reported.
Data on Friday showed that the US unemployment rate fell to a two-year low of just 3.6% last month, strong enough to be a bet. Investors believe that it will strengthen the Federal Reserve's determination to tackle inflation by significantly raising interest rates.
A higher dollar makes gold less attractive to other holders of currencies while a higher bond yield increases the opportunity cost of holding gold.
The spot price of silver rose 0.1% to $24.63 an ounce, and palladium rose 2.2% to $2,326.18, while platinum fell 0.1% to $984.67.
