Gold prices are trading very tentatively on the back of Friday’s sell-off. Gold futures fell more than 4% in response to the upside surprise in Friday’s US jobs data which saw traders pairing back their September easing expectations. Market pricing for a September cut had been sitting around the 60% mark ahead of the data and has now fallen back to around 40%. With USD firmly supported on the back of the data, gold prices look vulnerable to further downside near-term. Looking ahead this week, the main focus for traders will be Wednesday’s CPI and FOMC meeting. CPI is forecast to have held unchanged at 3.4% last ... (full story)