Strong U.S. Jobs Data Boosts December Rate-Hike Bets, Gold Falls to Around $4,060

According to ChainCatcher, strong U.S. nonfarm employment data lifted expectations for a Federal Reserve rate hike in December, weighing on gold, which traded around $4,060 per ounce in early trading. U.S. employment growth was strong in October, the unemployment rate edged down, and consumer confidence rose to a three-month high.