COMEX gold edged lower and is holding around $5K mark on Thursday morning in Asia after expectations for a more aggressive policy easing by the Fed were tempered following US Nonfarm Payrolls (NFP) report. US monthly employment details showed that the economy added 130K new jobs in January, up from the previous month's revised print of 48K and beating expectations for a reading of 70K. The Unemployment Rate edged lower to 4.3% from 4.4%. Investors now shift attention to the release of the latest US consumer inflation figures on Friday, which could offer more cues about the Fed's rate-cut path. Persistent geopolitical uncertainties are however limiting downside in the yellow metal that is currently quoting lower by 0.31% on the day at $5086.50 an ounce.
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