Gold eased on Monday as losses on the wider financial markets prompted some selling after the metal's biggest one-day price rise in over three years, but it was supported by speculation the Federal Reserve could unveil a new round of monetary easing. Gold broke ranks with riskier assets on Friday to surge 4.3 percent despite a sell-off elsewhere after a surprisingly weak U.S. payrolls report stoked talk that further stimulus measures may be necessary to reignite growth. Another round of quantitative easing (QE), which basically translates to printing money, would likely undermine the dollar and confidence in the wider currency markets, benefiting gold. "Friday's data has pushed the (focus) straight back to the Fed, and talk of a possible QE-3 is increasing now," Pradeep Unni, senior analyst at Richcomm Global Services in Dubai, said. MUST READ Romney, Republicans Slam Obama For Dismal May Jobs Report Why Do Men’s Offices House More Bacteria Than Women’s? Sponsorship Link Wharton ExecEd: Strategies to build your business knowledge. "It seems there are limited options with the Fed other than a fund stimulus so that Mr. Obama can show a revival in the economy before he goes for re-election."

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