LIVE GOLD NEWS !!!
Gold futures were up by 0.60% at $1,693.15 by 12:25 AM ET (5:25 AM GMT). Stocks, which usually move in the opposite direction to gold, were also up on Monday.
Investors retreated from the safe-haven yellow metal during the previous session after the U.S. Labor Department released an employment record that exceeded expectations on Friday. Non-farm payrolls increased by 2.5 million against a projected 8-million decrease, and the jobless rate for May was 13.3%, down from April’s 14.7%.
For the upcoming week, investors will focus on the U.S. Federal Reserve’s two-day policy meeting that starts on Wednesday for clues on further stimulus measures and the policy rate.