Gold prices were subdued in thin trade on Monday as upbeat U.S. jobs data and hopes for progress in U.S.-China trade talks helped improve investors' appetite for risk.
Spot gold slid half a percent to $1,310.64 per ounce after hitting its highest level since April 26 at $1,326.30 last week. U.S. gold futures were down about 0.6 percent at $1,314.75 per ounce.
Global growth concerns eased after a report showed U.S. non-farm payroll employment surged up by 304,000 jobs in January compared to economist estimates for an increase of about 165,000 jobs.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.