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Gold price traded slightly higher in quiet trade. Gold price Friday hit 11-week low after the release of the U.S. labour market data. The U.S. economy added 280,000 jobs in May, exceeding expectations for a rise of 2225,000 jobs, after a gain of 221,000 jobs in April. It was the largest increase since December.

 

 

The U.S. unemployment rate rose to 5.5% in May from 5.4% in April. Analysts had expected the unemployment rate to remain unchanged at 5.4%.

 

 

The Greek debt crisis remained in focus. Greece said last week that it will bundle its IMF loans repayments.

 

 

Greek Prime Minister Alexi Tsipras said to the Greek parliament last Friday that creditors' proposal is "unrealistic".

 

 

Greek Finance Minister Yanis Varoufakis and his German Finance Minister Wolfgang Schaeuble are due to meet in Berlin later in the day.

 

 

June futures for gold on the COMEX today rose to 1176.10 dollars per ounce.

 

 



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