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    03.07.2015 06:57 Gold limited losses after U.S. payrolls data

     

    Gold slightly rebounded to $1,165.60 ( 0.18%) an ounce. The precious metal has held above a 3-1/2 month low on Friday, as softer-than-expected U.S. jobs report tempered expectations for a September rate hike by the Federal Reserve and weighed on the dollar. Bullion declined on Thursday, but it climbed after the jobs report. Nevertheless the U.S. dollar is still on track for a second weekly gain in a row as Greece's crisis weighs on the euro. A strong greenback puts pressure on gold.

    According to the Labor Department, the U.S. economy generated 223,000 jobs in June vs 230,000 expected.

     


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