New Delhi, Dec. 16 -- Gold prices rose for the fourth straight session on Tuesday, December 16 on MCX, as safe-haven demand remained strong following US labor market data, which increased expectations of a Federal Reserve rate cut in the January meeting.

After another significant delay in the release of the nonfarm payrolls report, the Bureau of Labor Statistics said on Tuesday that 64,000 jobs were created in November, exceeding consensus forecasts of 51,000 and up from a sharp decline of 105,000 in October.

Although the data show US employment growth rising more than expected, economists note that the report also points to a clear slowing trend in the labor market. The unemployment rate rose to 4.6%, more than expected and its highest...