Gold descends in Asia
On Monday, gold dropped in Asia because market participants took remarks at the end of the previous week by Fed Chair Janet Yellen as mostly consistent with a data-driven verdict on the timing of any interest rate lift.
In New York, December delivery gold futures sank 0.18%, trading at $1,323.55 per troy ounce. Aside from that, September delivery silver futures edged down 0.54%, hitting $18.550 per troy ounce. Meanwhile, September delivery copper futures decreased 0.26% being worth $2.079 a pound.
This week, nonfarm payrolls data from America in the spotlight along with data on China's manufacturing sector, amid everlasting worries regarding the health of the world's second biggest economy. In Great Britain, markets are unavailable on Monday.
The previous week, gold prices flipped between revenues and losses on Friday, before concluding little changed as markets assessed the probability of an interest rate lift at the next Federal Reserve gathering in September, following comments from the top two Fed representatives.