Gold attracts heavy selling at the start of a new week and dives below the $5,050 area during the Asian session. Concerns over oil-driven inflation continue to push the US bond yields and the US Dollar higher, overshadowing the global flight to safety and undermining the non-yielding bullion. That said, Friday’s dismal US NFP report pointed to signs of weakness in the labor market and kept hopes alive for more rate cuts by the Fed, which could limit losses for the non-yielding yellow metal.
Source: https://www.fxstreet.com/news/japan-current-account-nsa-came-in-at-y9416b-below-expectations-y960b-in-january-202603082353
