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Gold drops to lowest in nearly 4 monts as higher US yields fuel risk appetite

Gold slid to its lowest in nearly four months on Monday after the latest US jobs data boosted stock markets and Treasury yields, crimping demand for safe-haven bullion.

Spot gold had fallen 0.5% to $1 207.03/oz by 07:38 GMT. It earlier touched its lowest since March 15 at $1 204.45.