Gold under pressure from possible September rate hike

Note: This section contains information in English only.
Source: WBP Online
The yellow metal edged higher on Monday; however, the precious metal continued to trade below the important $1,100 an ounce level. Strong US non-farm payrolls figure confirmed September as a candidate for a rate hike by the Fed. Nevertheless, the bullion futures rose 0.3% to $1,097.4 an ounce by 7:30 AM GMT. In July, non-farm payrolls added 215,000 jobs, above the the benchmark of 200,000.

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