Bullion for immediate delivery added as much as 0.2 percent to $1,190.54 an ounce and was at $1,190.05 at 8:55 a.m. in Singapore, according to Bloomberg generic pricing. The metal rose 0.3 percent on Friday after the Labor Department release to cap the first weekly gain in a month. Gold in Shanghai fell.
Prices are little changed this year as traders assess the probable timing of a U.S. rate increase by parsing data releases for clues on the strength and durability of the recovery. The Federal Reserve is watching the labor market for signs that it can sustain higher borrowing costs before lifting a benchmark rate for the first time since 2006. The Bloomberg Dollar Spot Index fell for the fourth straight week after figures on Friday.
Gold for June delivery traded at $1,189 an ounce on the Comex from $1,188.90 on Friday. Most-active futures climbed 1.2 percent last week, the biggest weekly increase since the period to March 27.
Silver for immediate delivery rose 0.1 percent to $16.4896 an ounce, while platinum was little changed at $1,142.30 an ounce. Palladium declined 0.2 percent to $798 an ounce after rising to $803.61 on Friday, the highest level since March 11.
Sumber : ewfpro.com
