Gold prices came under pressure as investors reacted to the latest NFP data. The data showed a significantly higher-than-expected figure. While the market was anticipating a 140k figure, the actual data was at 254k. In addition, August figures were revised to the upside, showing a more solid jobs market in the US than previously anticipated. The strength of the job market could leave the Federal Reserve with more room to manage interest rates as it could soften its monetary policy at a slower pace than hoped for by the market. A milder rhythm of interest rate cuts could leave the gold market with less support and could limit its ability to record new highs and could expose the market to short-term losses. Although gold could continue to see favorable factors such as geopolitical concerns and central bank purchases, traders could continue to monitor new developments and data in the US as they reassess their view on interest rates.