Gold prices rose, on Monday, after data showing slower-than-expected job growth in the United States negatively affected the dollar and the yield on Treasury bonds, to retreat from the high levels they reached recently.
Investors are anticipating an inflation test this week that could affect the path of raising interest rates at the US Federal Reserve.
By 0130 GMT, spot gold settled at $1942.33 an ounce, slightly above its three-week low in the previous session. And US gold futures rose 0.1 percent to $ 1977.20 an ounce.
The dollar index fell and the yield on 10-year Treasury bonds declined from highs reached in November after a jobs report released by the Labor Department on Friday revealed that the US economy added fewer jobs than expected in July.
New evidence that the labor market is slowing down reinforces the perception that the latest rate hike by the US central bank may be the last in the current monetary tightening cycle.
As for other precious metals, silver fell in spot transactions by 0.1 percent to $23.57 an ounce, while platinum rose 0.2 percent to $923.75 an ounce. Palladium rose 0.5 percent to $1,262.31 an ounce.
