Gold Prices Rise to One-Month High After US Jobs Report

GOLD - NEW YORK. Gold prices extended gains on Friday to their highest level in a month following key U.S. jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September.

Spot gold was up 1.1% at $2,380.91 per ounce as of 11:08 a.m. (1508 GMT). Bullion is up more than 2% for the week so far. U.S. gold futures gained 0.8% to $2,389.10.