Gold Prices holds $2,000 as US Show Signs Of Slowness

Gold dipped on Monday after solid US job data revived expectations for another interest rate increase and boosted dollar.

By 1040 GMT, spot gold had decreased by 0.3 percent to 2000 dollar an ounce. While United States gold futures delivery had decreased by 0.5 percent to 2,015.50 dollar.

Nevertheless, Tan noted, there are indications that United States disinflation is accelerating. Which might allow the Federal Reserve to suspend raising rates sooner rather than later.

Gold broke beyond 2K dollar mark previous week as some unfavourable United States statistics heightened the likelihood of a slowdown in the wake of a rise in oil prices.

Due to the Easter weekend, markets in Australia, Hong Kong, and Europe were close on Monday.