Gold Dipped As Traders Cashed In Gains From The Metal's Rally

Gold dipped as traders cashed in gains from the metal's rally to 3-1/2-month highs and as the dollar rose even after weaker-than-expected U.S. payrolls data for December. 

The metal remained on track for a fourth straight weekly gain, something it has not done since April although it posted an annual increase of 13 percent in 2017. 

The U.S. December non-farm payrolls report was weaker than expected. The dollar dipped briefly, then rose as investors reckoned the data would not deter U.S. Federal Reserve from raising interest rates multiple times this year though at a gradual pace.

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