Commodities
Gold steadies after weekly slide as weak US jobs data ease Fed hike bets
Gold prices steadied after last week's slide, as weak US jobs data eased expectations of a Fed rate hike.
The soft jobs figures gave markets reason to pare back bets on further Fed tightening.
For beginners Gold pays no interest, so its appeal rises when central-bank rate expectations fall, reducing the opportunity cost of holding it instead of yield-bearing assets.