xauusd-Gold Drops 1% Following Strong U.S. Employment Report

XAU/USD fell 1% during Monday’s session, closing at $2,663 USD. This decline was driven by a robust U.S. employment report, which strengthened the dollar to a two-year high. Earlier in the session, Gold remained stable between $2,680 and $2,690 before breaking below the $2,677 support level, triggering a sharp drop until the end of the day.