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Gold slips as U.S. jobs data boosts risk appetite

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold fell on Monday as the previous session's upbeat U.S. payrolls data sparked a fresh rally in stock markets and shored up expectations that the Federal Reserve would press ahead with further interest rate hikes this year. World stocks hit a two-week high on Monday after Friday's strong jobs data helped offset investors' concerns about the potential for a trade war between the United States and other major economies. Spot gold was down 0.5 percent at $1,316.91 an ounce at 1035 GMT, while U.S. gold futures for April delivery were 0.5 percent lower at $1,317.40 ...

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First Published: Mon, March 12 2018. 16:16 IST