Gold price dips as U.S. jobs surge in September.

Gold prices are slightly lower after the U.S. employment report for September showed stronger-than-expected non-farm payrolls jobs gains, indicating that the Federal Reserve will maintain its hawkish stance on U.S. monetary policy. The report revealed a rise of 336,000 non-farm jobs, well above expectations, but with some weaker internals such as the unemployment rate staying at 3.8%. The U.S. dollar index is higher, while Asian and European stocks are mixed. Gold futures and silver prices are in a downtrend, with bears having the overall near-term technical advantage.