Gold Slips On Firm Dollar, Robust US Jobs Data

Gold prices dipped slightly on Monday as the dollar held steady on upbeat US jobs and factory data that prompted markets to reduce bets on a rate cut later this year. 

Spot gold was down 0.3 per cent to $1,314.47 per ounce as of 0123 GMT. Prices rose as high as $1,326.30 on Thursday, their highest since April 26. 

US gold futures dipped 0.2 per cent at $1,320.1 an ounce.

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