India, June 8 -- Gold prices fell below $4,300 an ounce on Monday as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year.
Spot gold fell 0.9 percent to $4,290.78 an ounce, holding a decline after tumbling nearly 5 percent last week to its lowest level in more than two months on concerns about inflation and interest rates. U.S. gold futures were down more than 1 percent at $4,319.92.
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