Doha: Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by the Federal Reserve: Spot gold was steady at $4,175.02 per ounce, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday.
According to Qatar News Agency, US gold for August delivery climbed 1.5% to $4,186.80 per ounce. Elsewhere, spot silver extended gains to a fifth session, up 0.1% at $62.4773 per ounce after earlier hitting its highest since June 23.
Spot platinum added 0.4% to $1,645.05 per ounce and palladium was up 0.1% to $1,275.18 per ounce. Both metals were on track for their fourth straight daily gain.