Gold prices eased on Monday as strong U.S. jobs data reinforced the Federal Reserve's cautious stance on interest rate cuts and boosted the dollar, though underlying safe-haven demand amid uncertainty around President-elect Donald Trump's policies curbed losses.

Gold prices surged as uncertainty around U.S. policy under Trump boosted safe-haven demand, despite strong jobs data and rising yields.

Gold prices gained momentum despite rising US treasury yields. It hit an intradayhigh of $2,698 and currently trading around $2696.50. Non-Farm Employment Change published on: The economy in the

Gold prices rebounded on Friday as uncertainty surrounding the incoming Trump administration's policies lifted safe-haven appeal, even as a stronger-than-expected U.S. employment data reinforced expectations the Federal Reserve might not cut interest rates as aggressively this year.