Gold futures are seen largely flat around $2330 levels on Tuesday morning after having slumped to its lowest level in a month last weekend. A small uptick in dollar index is reducing appeal for the yellow metal. Currently, dollar index futures are quoting at 105.05, up 0.12% on the day whereas COMEX gold futures are quoting at $2330.80 an ounce, flat on the day. The US jobs data unveiled a slowdown in the US job expansion during April, reinforcing expectations that the Fed will commence interest rate reductions later in the year. The Nonfarm Payrolls (NFP) came in at 175K in April from 315K rise (revised from 303K) in March. Powered by Commodity Insights |