Gold Prices Rise on Weak US Jobs Data

Reuters reported that gold prices increased 1.5% after US jobs data fell short of expectations.

As quoted in the market news:

Spot gold hit a high of $1,588.19 an ounce and was up 1.5 percent at $1,586.00 at 1303 GMT, having earlier slipped as low as $1,544.69. U.S. gold futures for August delivery were up $22.20 an ounce at $1,586.40.

Click here to read the full Reuters report.