Gold fell in limited trading on Monday, with the rise of the dollar, supported by a strong report on US jobs, which outweighed the impact of the prospects for the Federal Reserve to stop raising interest rates this month.
Gold fell in spot transactions 0.1 percent, recording $ 1945.09 an ounce) by 0545 GMT, and was trading in a range of seven dollars. Prices are hovering near their lowest since May 30.
And US gold futures fell 0.5 percent to $ 1959.80 an ounce.
Gold prices fell by more than 1 percent on Friday, after data showed that jobs in the non-agricultural sectors in the United States increased by 339 thousand jobs last month, exceeding the 190 thousand expected by economists polled by Reuters. But the unemployment rate rose to a seven-month high of 3.7 percent, after hitting a 53-year low in April at 3.4 percent.
The higher unemployment reading prompted markets to expect a 78.2 percent chance that the US central bank will leave interest rates unchanged at a meeting on June 13-14.
And raising interest rates reduces the attractiveness of gold, which does not yield a return.
The dollar index rose 0.1 percent, making dollar-denominated gold more expensive for holders of other currencies.
As for other precious metals, silver fell in spot transactions by 0.2 percent to $ 23.54 an ounce, and platinum rose 0.5 percent to $ 1008.07, while palladium settled at $ 1420.10.
