Gold Still Survives Despite USD Rage!

<p>&nbsp;Gold was less affected by the strengthening displayed by the US dollar and the US 10-year bond yield, seeing it remain stable in early week trading (Monday).</p><p><br /></p><p>The yellow metal initially slipped lower to around $1,935 on Friday following a surge in the US dollar and bond yields after the US NFP data was released.</p><p><br /></p><p>However, the yellow metal recovered to trade steady at $1,945 per ounce during the Asian session.</p><p><br /></p><p>Even so, it is still too early to determine the movement of gold since today's market movement is expected to be slow following the holidays in the US and Canada.</p><p><br /></p><p><br /></p><p>The giant currency jumped sharply despite a dismal reading in August's NFP jobs data.</p><p><br /></p><p>Although job growth was better than expected, the unemployment rate rose to 3.8% and income growth weakened.</p><p><br /></p><p>In fact, revised employment figures for June and July also showed declines, signaling weakness in the US labor market.</p>