Gold prices on Monday hovered close to a near three-month high hit last week after weaker-than-expected U.S. jobs data cemented hopes that interest rates will stay low for some time, pressuring the dollar and boosting bullion's appeal.
FUNDAMENTALSSpot gold was up 0.1% at $1,831.72 per ounce
* Spot gold was up 0.1% at $1,831.72 per ounce by 0131 GMT, after hitting its highest since Feb. 11 at $1,842.91 in the previous session.
* U.S. gold futures were up 0.2% at $1,834.00 per ounce.
* The dollar index languished near a more than two-month low versus major peers, making gold less expensive for other currency holders. USD/
* U.S. job growth unexpectedly slowed in April, likely curbed by shortages of workers and raw materials as rapidly improving public health and massive government aid fuelled an economic boom.
* The 266,000 jobs that U.S. firms added in April were "nowhere near" what was expected, a Federal Reserve official said on Friday, and added little to the "substantial further progress" officials want to see before considering changes to monetary policy.
* Lower interest rates decrease the opportunity cost of holding non-yielding bullion
* Stocks rose on Monday, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets.
* Physical gold demand in India dived last week as shops shuttered and people turned cautious due to surging coronavirus infections across the world's second-largest bullion consumer.
* Speculators increased their bullish positions in COMEX gold and silver contracts in the week to May 4, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
* Palladium rose 0.3% to $2,934.58 per ounce.
* Silver gained 0.8% to $27.65 per ounce, while platinum was up 0.6% at $1,256.47.
DATA/EVENTS (GMT) 0730 UK Halifax House Prices MM April
(Reporting by Shreyansi Singh in Bengaluru; Editing by Subhranshu Sahu) ((Shreyansi.Singh@thomsonreuters.com; +91 8061823666/3590 (If within U.S. call +1 646 223 8780); Reuters Messaging: Shreyansi.Singh@thomsonreuters.com))