Al Arabiya English
Gold prices fell on Monday, pressured by a stronger dollar as elevated oil prices on the back of a protracted Iran war and stronger-than-expected US jobs data dampened hopes for interest rate cuts by the Federal Reserve.Spot gold slipped 0.5 percent to $4,652.89 per ounce by 0452 GMT, while US gold futures for April delivery held steady at $4,678.70 in thin trade, with many markets in Asia and Europe closed for a holiday.For all the latest headlines follow our Google News channel online or via the app.Data on Friday showed that US nonfarm payrolls increased by 178,000 jobs in March, the most since December 2024, while the unemployment rate fell to 4.3 percent. The 10-year US Treasury yield and the dollar index gained, pressuring greenback-priced bullion.Brent oil prices climbed as the U.S.-Israeli war with Iran continued to disrupt global energy supplies.“The latest robust NFP print has reinforced hawkish central bank nerves, while persistent oil-driven inflation fears continue to
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