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Gold rises as dollar slips, focus turns to US jobs data

From msn.com

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with U.S. economic data that could offer more clues on the U.S. Federal Reserve's monetary policy. Spot gold rose 2.1% to $5,063.88 per ounce by 11:12 a.m. ET (1612 GMT), extending a 4% rally from Friday. U.S. gold futures for April delivery also gained 2.2% to $5,087.10 per ounce. The U.S. dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers. "The big mover today (in gold prices) is the U.S. dollar," said Bart Melek, global head of commodity strategy at TD ... (full story)

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