Gold Slips Amid Inflation Pressures and Rising Oil

Gold prices declined on Monday amid pressure from rising oil prices and a stronger dollar.

Expectations of U.S. rate cuts also weakened.

Spot gold fell 0.9% to $4,631.69 per ounce.

Futures dropped 0.5% to $4,657.50.

Reuters noted that strong jobs data raised market concerns.

Analysts say gold has lost some of its safe-haven appeal.