By Gina Lee

Investing.com – Gold was up on Monday morning in Asia, with investors continuing to digest a and weighing its impact on the U.S. Federal Reserve’s next move.

By 10:53PM ET (3:53 GMT), the climbed 0.1% to $1,784.15 Normally, the, which is inversely related to gold, rose on Monday.

On Friday’s U.S. employment report was released, it showed mixed results. were at 210,000 in November, lower than the 550,000 figure in forecasts prepared by Investing.com and the previous month’s 546,000 figure. This was a 21-month high.

According to separate data, the record-breaking November 69.1 was achieved.

While this is a sign that companies are increasing their hiring, the prices continue to rise and there’s no indication of supply constraint easing.

In response to tightening labor markets, the Fed is likely to accelerate its asset tapering. This could also lead to earlier-than-expected interest rate hikes.

The Atlantic was also interested in potential interest rate increases. Michael Saunders (external member of Bank of England’s Monetary Policy Committee) is still waiting for more information regarding the new COVID-19 variant. Before deciding whether to vote at the, Saunders voted for an increase in interest rates on November.

Asia Pacific will present its most recent policy decision Tuesday. Then, on Wednesday, the will follow with the.

Other precious metals: Silver was up 0.3%; platinum rose 0.8%, and palladium was up 0.7%.