Gold Slips as Firm US Yields Cap Post-NFP Rebound

Gold (XAU/USD) extended its post-NFP volatility, retreating roughly 0.50% on Monday. The dollar held steady, while US Treasury yields remained firm, capping any upside from last week's softer-than-expected payrolls data.

Traders had repriced a less hawkish Federal Reserve stance after the jobs report, but that failed to sustain gold's rebound. The metal was trading around $4,153 at the time of writing.