Gold Falls As Iran War, Robust US Jobs Data Dim Fed Rate-Cut Hopes

Gold prices fell on Monday, pressured by a stronger dollar as elevated oil prices on the back of a protracted Iran war and stronger-than-expected U.S. jobs data dampened hopes for interest rate cuts by the Federal Reserve.Spot gold slipped 0.5% to $4,652.89 per ounce by 0452 GMT,

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