Gold Steadies Near Five-Month Peak On Easing Rate Hike View

Gold prices held steady near a five-month peak hit early on Monday, supported by a disappointing US jobs report that fuelled speculation that the Federal Reserve may stop raising interest rates sooner than expected.

Spot gold was up 0.1 percent at $1,248.96 per ounce, as of 0432 GMT, after hitting its highest since July 11 at $1,250.55 earlier in the session.

US gold futures rose 0.1 percent to $1,254.2 per ounce.

US non-farm payrolls increased by 155,000 jobs last month, below economists' median forecast of 200,000 jobs and the wage increase was softer than expected.

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