Gold falls as expectations of lower U.S. rate cut grow after jobs data

Gold prices fell on Monday, as expectations of a smaller U.S. interest rate cut in November grew after strong jobs data, while investors awaited inflation data and comments from Federal Reserve officials for further clues.

Spot gold was down 0.2% at $2,647.49 per ounce by 0432 GMT, while U.S. gold futures were unchanged at $2,667.10.

In other precious metals, spot silver fell 0.2% to $32.11, platinum lost 0.4% to $983.67, while palladium rose 0.6% to $1,017.63.