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China might not overtake the U.S. as the world's largest economy "any time soon," an expert told Newsweek.

Spot gold fell 0.3% to $1 937.61 an ounce.

Asian equities swung Monday following a mixed US jobs report that left investors weighing the chances of another Federal Reserve interest rate hike.The cheer was offset by a still-strong read on wage growth, which backed up the hawkish outlook for more tightening, with Bloomberg reporting traders see a 40-percent chance of another hike this year.

(Bloomberg) -- Most Asian shares fell Monday after a mixed US jobs report and a reversal of gains on Wall Street that saw the S&P 500 lose a near 1% gain.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reaches Ignition AgainStocks fell in Hong

(Bloomberg) -- Israeli assets traded in narrow, mixed ranges on Monday as traders looked for more evidence on whether Prime Minister Benjamin Netanyahu’s latest pronouncements on his plan to overhaul the judiciary would be enough to halt unrest in the country.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for B