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Gold Edges Down After Payrolls Showed Unexpected Strong Gain

Industrial Commodity :Gold prices edged lower to below $1800 an ounce on Friday after the payrolls report showed an unexpected strong gain in US employment for January

 Reinforcing the Fed’s view the labour market is recovering and raising the odds the central bank will deliver a bigger rate hike in March.

Also, the ECB set a more hawkish tone in its last meeting and the BoE raised rates as expected this month. Still, jitters of persistently high inflation and geopolitical concerns in Ukraine continue to prevent the yellow metal to go lower.

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