Gold fell 2% to around $4,380 an ounce on Friday after stronger-than-expected U.S. employment data boosted the dollar and expectations for tighter Federal Reserve policy. Nonfarm payrolls rose by 162,000 in August, following an upwardly revised 23,000 increase in July and surpassing forecasts for a 56,000 gain. The unemployment rate held at 4.1%, while annual wage growth eased to 3.1%, a smaller decline than markets had anticipated. Money markets priced in a near 58% probability of a Federal Reserve rate hike in September, according to the CME FedWatch Tool. U.S. equity futures also edged lower as higher yields pressured credit-sensitive stocks, while chipmakers advanced amid optimism surrounding OpenAI's new GPT model.