Asian markets see gold decline
Global gold prices declined in Asian markets at the start of the week, registering $4,403 in spot trading, down by 0.57%. This came after U.S. data showed a faster growth in jobs in August and an unemployment rate holding steady at 4.1%, indicating an improved labor market and the possibility of a rate hike by the Federal Reserve in September. Gold prices also decreased by 0.6% over the past week, with expectations that the Federal Reserve may raise interest rates by 58% at its upcoming meeting, reducing gold's appeal as an inflation hedge.
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