Gold futures slip 0.3% to $2,746.10 a troy ounce. The precious metal peaked on Wednesday at $2,772.60 an ounce. Over the weekend, Israel retaliated to early October's Iranian missile barrage with strikes on Iran. At first glance the retaliation seems relatively limited, and tensions could begin to subside in the short term, says Pepperstone's Michael Brown. This could damp safe-haven demand for gold bullion. The U.S. dollar has also gained over the last week, further suppressing gold demand. The week ahead will see the release of crucial economic news, including the October jobs report and the U.S. Federal Reserve decision on monetary policy easing, Brown says in a note.(joseph.hoppe@wsj.com)
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