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Gold declined ahead of U.S. jobs data
Gold slid to $1,132.00 (-0.14%) as the dollar strengthened ahead of U.S. non-farm payrolls data, which are supposed to shed light on prospects of interest rates in the U.S. Higher rates would harm the non-interest bearing precious metal.
"Gold is awaiting the payroll data for indications of Fed intentions at the September FOMC meeting. So the market may move sideways until the numbers are released," said HSBC analyst James Steel.
Gold prices are also going to be under pressure, because Chinese buyers have left markets for holidays.
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