Ammon News - Gold prices rose on Thursday as softer-than-expected ‌U.S. jobs data and lower oil prices eased inflation concerns, while investors awaited the nonfarm payrolls report for cues on the Federal Reserve's policy path.

Spot gold had risen 0.9% to $4,067.67 per ounce by ​0753 GMT, after touching its highest level since June 23 in the last ​session. U.S. gold futures for August delivery inched 0.1% lower to $4,080.

Bullion ⁠rebounded from a more-than-seven-month low to close higher on Wednesday after data showed U.S. private ​employment rose by 98,000 jobs in June, below economists' expectations of 118,000.

Spot silver was up 0.6% at $59.47 per ounce, platinum had gained 2.2% to $1,611.60, and palladium had climbed 1% ​to $1,221.54.


Reuters