(Mining.com) On Monday, gold built on sharp gains enjoyed on Friday after data out of the US showed employment growth in the world’s largest economy at a near-six year low, pushing back any interest rate hike well beyond the summer.
In brisk lunchtime trading on Monday gold futures in New York for delivery in August, the most active contract, jumped to a high of $1,251.30 an ounce compared to $1,208 shortly before Friday’s non-farm payroll numbers sparked one of the biggest one-day jumps this year.
