Analyst: The non-farm payroll report is enough to make the Federal Reserve change its dovish stance, so the decline in gold prices is limited.

XS.com analyst Linh Tran said in a report that the non-farm payroll report did not indicate an overheating economy, but rather showed a relatively stable growth rate. This is not enough to force the Federal Reserve to reconsider its dovish stance on monetary policy, which is also the reason why gold prices did not fall further.