Data on US employment, the Fed meeting in the spotlight



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Gold was little changed on Monday, as good US employment data boosted investors' appetite for riskier badets as markets waited only for the minutes of the March meeting. the Federal Reserve later this week.

Spot gold was up $ 0.1 to $ 1,293.21 an ounce at 10:05 am GMT.

Gold futures in the US gained 0.1% to $ 1,297.10 an ounce.

Asian equities edged up on Monday as investors welcomed the needed payroll recovery in the US, while anticipating China's stronger economic recovery.

In the United States, employment growth was accelerated from its lowest level in 17 months reached in March, easing fears of a sharp slowdown in economic activity, but a Moderation of wage gains has supported the Federal Reserve's decision to suspend any further interest rate hikes this year.

The minutes of the last meeting of the Federal Reserve are scheduled for Wednesday.

US and Chinese negotiators concluded their last round of trade talks on Friday and are due to resume talks this week in an attempt to broker a deal that would end the global price war.

The Labor Party of the British opposition said Friday that negotiations with the government on a final agreement on Brexit had not progressed. European leaders said that Prime Minister Theresa May had not convinced them that they should let Britain delay her departure this week.

China's foreign exchange reserves rose for a fifth consecutive month in March, the increase exceeding expectations, while growing optimism over the prospects for a US-China trade deal eased concerns by slowing economic growth.

The value of China's gold reserves declined slightly from $ 79.498 billion at the end of February to $ 78.525 billion.

Physical demand in gold has emerged in the country of large consumers, China, with prices falling and the optimism created by a trade agreement between China and the United States, while purchases have taken shape. speed in the Indian market, with domestic rates falling before a key festival.

Hedge funds and fund managers slashed their upside bets on COMEX gold during the week that has elapsed until April 2, the US Securities and Exchange Commission announced on Friday. goods (CFTC).

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell by 0.12 percent to 761.67 tonnes on Friday from 762.55 tonnes on Thursday.

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