The price of gold pulls back from a fresh monthly high ($2388) as the US Non-Farm Payrolls (NFP) report reveals a larger-than-expected rise in employment, but bullion may face range bound conditions if it continues to hold above the May low ($2277). The price of gold registers a fresh weekly low ($2303) as the US adds 272K jobs in May versus forecasts for a 185K rise, and the precious metal may continue to weaken ahead of the Federal Reserve interest rate decision on June 12 as it struggles to track the positive slope in the 50-Day SMA ($2342). Looking ahead, the Federal Open Market Committee (FOMC) is widely ... (full story)