Gold prices rose over the past week, after reaching their highest level in a month on Friday following the release of US jobs data that showed a slowdown in the labor market.
The slowing labor market supports expectations that the US Federal Reserve will cut interest rates in September.
Price movements
Over the past week, spot gold rose 2.81 percent to $2,392.16 per ounce.
The data showed that non-farm payrolls in the United States increased by 206,000 jobs in June, slightly more than the 190,000 new jobs expected by economists in a Reuters poll.
The estimate for job growth in May was revised to 218,000 jobs from 272,000 previously, while the estimate for job growth in April was revised to 108,000 jobs from 165,000 previously.
The unemployment rate rose to 4.1 percent, compared to 4 percent in expectations.
Low interest rates reduce the opportunity cost of holding non-yielding gold.
Silver prices rose sharply in spot transactions by 7.12 percent to $31.21 per ounce.
