Gold price snaps back above $5,000 as dollar slips ahead of U.S. jobs, CPI
Gold rose above $5,000 an ounce Monday as the dollar fell 0.8%, with spot prices reaching $5,018.56 by 9:30 a.m. ET. U.S. gold futures for April climbed to $5,042.20. The People’s Bank of China increased its gold reserves for a 15th straight month in January. Traders are watching for U.S. inflation and jobs data due Feb. 13.