Gold prices experienced a slight dip on Monday, driven by profit-taking after a significant surge in the previous session. This increase was fueled by weaker-than-expected U.S. jobs data, raising expectations for a Federal Reserve interest rate cut in September. A weaker dollar made gold more affordable, while Asian markets mirrored Wall Street’s decline amid renewed U.S. economic concerns.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets