Gold traded flat on Monday after making gains last week amid rising expectations of additional stimulus measures by the United States.
Entering the European session, the gold spot dropped slightly to $ 1,838 per ounce, while gold futures were positive at $ 1,842 per ounce (3.45pm Malaysian time).
NFP employment data showing weaker-than-expected growth has boosted market expectations that the United States will do something to ensure its economy remains strong in the face of the coronavirus pandemic.
Yellow gold metal tends to increase if more fiscal stimulus measures are taken by the government.
However, these hopes failed to push the gold price higher to break the $ 1,850 price level due to the increase in the US dollar safe-haven following the 10-year government bond yield jump to a 8-and-a-half year high.
Meanwhile, Britain is reported to be the first country to launch the Covid-19 vaccine developed by Pfizer Inc and BioNTech this week.
