Gold extends slide on Monday morning in Asia despite weakness in dollar overseas that pulled back from 99 levels seen on Friday following stronger-than-expected US jobs growth in May. US non-farm payrolls data showed an increased by 139,000 jobs in May above the forecast for 130,000. However, uncertainty surrounding US President Donald Trump's tariff policies might help limit the losses in the counter. Investors will closely monitor trade talks between the US and China later on Monday, as Trump said that the world's two largest economies will hold trade talks in London. Meanwhile, COMEX gold futures are deepening losses and are seen quoting at $3327.00 an ounce at the time of writing, following a 1% weekly gain last week.

Powered by Commodity Insights