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Gold prices continued to rise
Gold prices continued to rise on Monday in the wake of a mixed set of U.S. employment data that weakened the case for a rapid course of U.S. interest-rate hikes, according to Dow Jones.
Gold was up 0.2% at $1,222.05 a troy ounce in late-morning trade in London, with other precious metals also in positive territory.
Gold climbed late Friday after the publication of Labor Department figures that showed wages rose less than economists had forecast in January, despite stronger-than-expected employment growth.
Analysts said the data undermined the case for the U.S. Federal Reserve to increase rates in March--already considered an outside chance. Expectations of higher rates in the U.S. sap demand for gold as it doesn't pay a return.
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