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Story summary
- Gold prices slipped as strong August jobs data raised expectations of a September Federal Reserve rate hike.
- Spot gold fell 0.7% to $4,398.13 per ounce at 0710 GMT on September 7.
- Traders priced a 58.4% chance of a Federal Reserve hike at the September 15-16 meeting, up from 55%.
- Goldman Sachs co-head Daan Struyven forecast gold at $4,900 an ounce by year-end as central banks buy.
