Gold was steady after gaining the most in two months on Friday, as traders weighed the implications of soft jobs data for the US economy and the Federal Reserve’s interest-rate path.
Bullion traded near $3,360 an ounce, after rising 2.2% in the previous session while equities dipped. The precious metal’s jump was driven by two main factors: a dramatic slowdown in US hiring report that fueled rate-cut bets, and President Donald Trump’s roll-out of some of the steepest trade tariffs since the 1930s.