Gold steadied on Monday after posting its seventh weekly decline last week as the U.S. jobs report raised expectations the Fed could raise its borrowing cost next month.
The yellow metal hit a high of $1098.37 an ounce, while it currently trading at $1094.40, after opening at $1094.42.
American employers added 215,000 new jobs last month, while unemployment stood at 5.3 percent, the U.S. jobs report released on Friday showed.
The dollar inched up against a basket of major currencies to 97.73 from the session’s opening at 97.968, according to the dollar index.
Crude oil rose from six-month low to trade around $43.73 a barrel, after hitting a bottom of $43.37.
Lackluster economic data released from China over the weekend raised expectations the People Bank of China may add new stimulus to bolster growth and inflation.