Sept 4 (Reuters) - Gold edged higher on Monday, buoyed by a slight pullback in the U.S. dollar as market participants grew more confident the Federal Reserve may have finished raising interest rates.
Markets see 93% chance of Fed holding rates at Sept. meet Spot gold rose 0.1% to $1,940.80 per ounce by 1200 GMT. U.S. gold futures for December delivery rose 0.03% to $1,967.50 per ounce.
The Fed is likely done raising interest rates, traders bet on Friday after a jump in the U.S. unemployment rate and moderate wage growth suggested that labour market conditions were easing. The dollar index eased 0.2%, making greenback-priced bullion more attractive to holders of other currencies. "September is almost nailed on at this point," Erlam added, referring to the Fed's upcoming monetary policy meeting on Sept. 19-20, when markets mostly expect rates to be left unchanged.
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