Gold ticked higher on Monday, as the metal drew support from grim U.S. jobs data that fuelled optimism over a U.S. stimulus deal, although gains were capped by coronavirus vaccine rollouts.
Spot gold prices rose 0.2% to $1,840.65 per ounce by 0725 GMT, while U.S. gold futures were up 0.2% at $1,843.90.
“Softer jobs growth and tighter social mobility restrictions ostensibly lower the hurdle for a policy response from (U.S.) Congress,” said Stephen Innes, chief global market strategist at financial services firm Axi.
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