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Gold price traded higher after the U.S. labour market data. The U.S. economy added 223,000 jobs in April, missing expectations for a rise of 224,000 jobs, after a gain of 85,000 jobs in March. March's figure was revised down from a rise of 126,000 jobs.
The U.S. unemployment rate fell to 5.4% in April from 5.5% in March, in line with expectations. It was lowest level since May 2008.
The decline was driven by more people entering the labour force.
Average hourly earnings increased 0.1% in April, missing forecasts of a 0.2% gain, after a 0.2% rise in March. March's figure was revised down from a 0.3% increase.
These figures are signs that the labour market in the U.S. has rebounded in the second quarter after the weak first quarter. But the Fed might delay to hike its interest rate due to the weak wage growth figures and low inflation.
June futures for gold on the COMEX today increased to 1184.60 dollars per ounce.
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