Gold bars and gold coins in different sizes are lying in a safe on a table at the precious metal dealer Pro Aurum.
Gold prices climbed on Monday towards a one-month peak scaled in the previous session, supported by a slight pullback in the dollar and prospects that the U.S. Federal Reserve would take a pause from interest rate hikes this year.
Spot gold gained 0.3% to $1,945.40 per ounce by 0334 GMT, after climbing to as high as $1,952.79 on Friday.
As gold yields no interest of its own, it tends to lose its attraction when interest rates rise.
Data on Friday showed U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, strengthening the case of an interest rate pause this month.
Persons:
Tim Waterer
Organizations:
Aurum, U.S . Federal, KCM Trade, Trust