Gold prices steadied near their highest level in two weeks on Monday, after a softer-than-forecast US jobs report last week marginally reduced the likelihood of the Federal Reserve raising interest rates.
Spot gold held at $4,175.02 per ounce, following weekly gains of more than 2% on Friday that snapped four consecutive weeks of decline. US gold futures for August delivery rose 1.5% to $4,186.80 per ounce.
Other precious metals also advanced. Silver extended its rally into a fifth straight session, edging up 0.1% to $62.4773 per ounce after touching its highest level since 23 June earlier in the day. Platinum gained 0.4% to $1,645.05 per ounce, while palladium added 0.1% to $1,275.18 per ounce.
