Spot Golden Monday fell back, is expected to continue last week 0.84% decline, while Thursday's key U.S. Consumer Price Index (CPI) inflation report could have an impact on the Fed's interest rate outlook。

Gold came under downward pressure last week as investors lowered expectations for a big early rate cut by the Federal Reserve this year, which boosted the dollar and Treasury yields.。

Futures markets are now pricing in the likelihood of a March rate cut at nearly 64%, down from 86% a week ago。

Capital.Com financial market analyst Kyle Rodda said: "I think we are seeing some of the follow-on effects from the strong jobs data.。It's all about the cooling of rate cut expectations this year。"

Employers across all sectors of the U.S. economy, excluding agriculture, added 216,000 jobs, beating market expectations of 170,000, according to official government data on Friday.。

Spot gold down 0 as of 8: 40 a.m. Monday.82%, to 2,028 troy ounces.$83。The commodity has risen from a record of 2,088 troy ounces on December 28..$54 retreats from 4-week high。

Gold futures for February delivery fell 0 on the day..75%, to 2,034 troy ounces.45美元。On the other hand, silver futures for March delivery fell 0.70% to 23 troy ounces.152 USD。

Dollar index up slightly on Monday 0.10% to 102.533, reflecting the relative strength of the dollar against six other major currencies。Last week, the dollar index rose 1.04%, the best weekly performance since mid-July 2023。

Benchmark U.S. 10-year Treasury yields remain above 4%。