Gold edged down for a second session in three on Monday as firm equity markets dented the precious metal's safe-haven appeal, while speculation over an earlier-than-expected hike in U.S. interest rates after strong jobs data also dragged on prices.
Gold has been under pressure since data on Thursday showed U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence of brisk economic growth.
Asian stock markets held near three-year highs on Monday on optimism about the U.S. economy, while global equities hit record highs on Friday.
Gold has been under pressure since data on Thursday showed U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence of brisk economic growth.
Asian stock markets held near three-year highs on Monday on optimism about the U.S. economy, while global equities hit record highs on Friday.
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