Gold on course for biggest monthly drop in nearly five years


File pix — Bloomberg

BENGALURU: Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve's policy stance, with the precious metal heading for its worst monthly drop since November 2016.

Spot gold eased 0.2% to $1,757.76 per ounce as of 0551 GMT, having touched its lowest since April 15 at $1,749.20 on Tuesday. U.S. gold futures lost 0.3% to $1,757.80.

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Gold , Silver , exchange-traded fund , ETF

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