Gold extends gains after U.S. jobs disappoint

06.04.2015 / 05:01

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Gold rose for a second straight session to trade near a three-week high on Monday, after U.S. jobs posted the slowest growth in more than a year, fueling expectations the Federal Reserve could postpone an anticipated rate increase.

U.S. nonfarm payrolls rose 126,000 in March, less than half February's pace and the smallest gain since December 2013, the Labor Department said on Friday. The tepid increase in payrolls ended 12 straight months of job gains above 200,000 - the longest streak since 1994.

The disappointing employment report could prod the U.S. central bank to delay a rate increase that analysts had expected to come in June or September amid signals from the Fed it was ready to tighten monetary policy in view of a strengthening labor market.

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Gold extends gains after U.S. jobs disappoint

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