Commodities
Gold Eases on Dollar Strength With Focus Turning to US Jobs Data
- Dollar gains on budget crisis affecting French government
- Traders are awaiting key US jobs data due this Friday
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Gold eased as the dollar strengthened, with investors looking ahead to key US data due on Friday that may offer clues on the Federal Reserve’s interest-rate decision later this month.
Bullion traded around $2,640 an ounce, after dropping 2.7% last week. The dollar gained as France’s far-right party said it would back a motion to topple the French government, adding further pressure on the euro and French government bonds.