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Gold Holds Drop as Jobs Data Strengthens Dollar, Rates Outlook

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Gold held two days of losses as U.S. employment data that beat estimates strengthened the dollar and supported the case for higher borrowing costs in the world’s largest economy.

Bullion for immediate delivery fell as much as 0.4 percent to $1,187.27 an ounce, and traded at $1,193.72 at 3:16 p.m. in Singapore, according to Bloomberg generic pricing. The metal on Dec. 1 sank to a three-week low of $1,142.88 as oil slumped.