Gold was down on Monday morning in Asia, after sliding as much as 4.4% to a more than four-month low. Strong U.S. jobs data increased fears that the U.S. Federal Reserve would hike interest rates and begin asset tapering earlier than expected.

Gold futures fell 1.19% to $1,742.10 by 1:20 AM ET (5:20 AM GMT), with prices touching $1,684.37, the lowest since Mar. 31, earlier in the session.

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