Gold (XAU/USD) retreats below $1,800, easing to $1,781 amid Monday’s initial Asian session, following the heaviest daily run-up in over two weeks. The yellow metal cheered a surprise drop in the US Nonfarm Payrolls (NFP) data for November, 220K versus 550K forecast, the previous day. However, However, a 0.4% fall in Unemployment Rate to 4.2% and Average Hourly Earnings matched the 4.8% YoY forecast. Following the data, the US dollar offered a knee-jerk reaction before resuming the north-run as Fed fund futures rallied. The odds of the Fed rate hike earlier got fuelled by comments from St Louis Fed President James ... (full story)