Hong kong June 10 2024: Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction.
Spot gold was up 0.1% at $2,295.29 per ounce, as of 0346 GMT. U.S. gold futures fell 0.5% to $2,312.20.
Bullion declined 3.5% on Friday in its biggest drop since November 2020 after the U.S. jobs report and China data showing the world’s top consumer held off gold purchases in May after 18 consecutive months of buying.
