Gold subdued as strong US jobs data dents rate-cut hopes

Gold subdued as strong US jobs data dents rate-cut hopes

Gold inched down on Friday as a stronger-than-expected US jobs report reinforced expectations that the Federal Reserve will refrain from cutting interest rates at its December meeting. Spot gold was down 0.1% at $4,072.87 per ounce, as of 0242 GMT. US gold futures for December delivery edged 0.3% higher to $4,071.90 per ounce.

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