Gold prices were flat on Monday as a stronger-than-expected U.S. jobs report reinforced the Federal Reserve's cautious stance on rate cuts, while uncertainty surrounding the incoming Trump administration's policies continued to fuel safe-haven demand.

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.