Gold has fallen nearly three per cent to a three-month low after stronger-than-expected US non-farm payrolls fuelled expectation the Federal Reserve will raise rates sooner rather than later, and the US dollar jumped to an 11-and-a-half-year high.

Gold has fallen nearly three per cent to a three-month low after stronger-than-expected US non-farm payrolls fuelled expectation the Federal Reserve will raise rates sooner rather than later, and the US dollar jumped to an 11-and-a-half-year high.