Gold Inches Lower Near $1135

Precious-Gold inched lower on Monday after posting its biggest one-day gain in nearly seven months on Friday after dismal U.S. nonfarm payrolls data. The yellow metal hit a low of $1133.59 an ounce, while it currently trading at $1135.53, after opening at $1137.55. The U.S. jobs report showed a job creation pace of 142,000 in September from a downwardly revised of 136,000 in August, lowering speculations of seeing an interest rate increase this year.

from Energy and Metal Commentaries http://ift.tt/1KVAq6x