Gold Rises, Yields Retreat After Softer US Jobs Data

GOLD - NEW YORK. Gold prices gained on Wednesday as bond yields fell after weaker-than-expected U.S. private payrolls data bolstered expectations that the Federal Reserve would cut interest rates later this year.

Spot gold was up 0.8% at $2,346.99 per ounce, as of 1449 GMT, after a 1% fall in the previous session. U.S. gold futures rose 0.8% to $2,367.20.