Today, Gold struggled to recover from overnight losses on estimations of a Federal Reserve rate hike next week and a robust dollar.
Spot gold was little tumbled at $1,071.52 an ounce by 0009 GMT. It fell down as much as 1.6 per-cent on Monday to strike a session low of $1,069.66.
Friday's strong U.S. nonfarm payrolls data supported widely held market views that the Fed would increase interest rates for the first time in nearly a decade later in current month.
Gold gained 2.3 per-cent last week on short-covering immediately after the data, but with the focus back on the rate rise up coming week, investors sold off the metal on yesterday.
Spot gold was little tumbled at $1,071.52 an ounce by 0009 GMT. It fell down as much as 1.6 per-cent on Monday to strike a session low of $1,069.66.
Friday's strong U.S. nonfarm payrolls data supported widely held market views that the Fed would increase interest rates for the first time in nearly a decade later in current month.
Gold gained 2.3 per-cent last week on short-covering immediately after the data, but with the focus back on the rate rise up coming week, investors sold off the metal on yesterday.
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