Gold prices fell further on Monday to hover near a four-month low as the dollar rallied after the release of strong U.S. labor data.
Spot gold was down 1.1 percent at $1,743.26 per ounce in European trade, after having slumped below $1,700 in early Asia trade. U.S. gold futures were down about 1 percent at $1,745.10.
The dollar hit a four-month high against the euro as strong U.S. jobs data released on Friday bolstered expectations for early tapering of economic support.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.