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Gold inches lower as equities rally after U.S. jobs data

Reuters 

By Eileen Soreng(Reuters) - Gold prices inched down on Monday pressured by a stronger equity market, with the latest U.S. jobs report easing fears of inflation and faster U.S. rate hikes, reviving risk appetite globally.Spot gold edged lower 0.1 percent to $1,322.10 per ounce at 0734 GMT. U.S. gold futures for April delivery fell 0.1 percent to $1,322.60 per ounce."A rally in stocks has taken some shine from the precious metals ... Not much fund is flowing into gold," said a Hong Kong-based trader.Inflation worries faded after U.S. data on Friday showed nonfarm payrolls jumped by 313,000 jobs ...

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First Published: Mon, March 12 2018. 13:33 IST
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