Gold prices slide as markets question early rate cuts; Inflation data on tap

News Snapshot:

Published Jan 08, 2024 12:14AM ET © Reuters. Gold -0.68% Add to/Remove from Watchlist Copper +0.31% Add to/Remove from Watchlist Investing.com-- Gold prices fell in Asian trade on Monday, extending losses from the prior session as stronger-than-expected U.S. labor data saw markets reconsider expectations for early interest rate cuts. The yellow metal logged a weak start to 2024, tracking a sharp rebound in the as traders scaled back bets that the Fed could trim rates by as soon as March. This notion was exacerbated by stronger-than-expected data on Friday showing resilience in the labor market- which gives the Fed more...