Pakistan, Feb. 9 -- Gold prices extended rises on Monday, trading just above the $5,000-per-ounce mark, as the U.S. dollar weakened and investors awaited key labour market data to gauge the future trajectory of interest rates.

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Spot gold rose 1.3% to $5,026.04 per ounce by 0333 GMT, following a 4% gain on Friday. U.S. gold futures for April delivery climbed 1.4% to $5,046.10 per ounce. Analysts attributed the rise to bargain-hunting and a softer dollar, which makes dollar-denominated metals cheaper for overseas buyers.

"Overall, gold is making an advance today, albeit a circumspect one with key jobs data on deck this week," said Tim Waterer, chief analyst at KCM. "Bargain-h...