Gold dropped after US labor market data showed employers added more jobs in July than forecast, an indication the Federal Reserve may press on with steep interest-rate hikes to thwart inflation. Nonfarm payrolls rose 528,000 last month, more than double economists’ estimates. The dollar rose following the data release, putting pressure on gold. Still, bullion is now poised to end the week little changed, after earlier gains amid tension between China and US over US House speaker Nancy Pelosi’s visit to the Taiwan. Bullion is headed for a third weekly gain, even as prices slipped on Friday, after China likely fired ... (full story)