India, Aug. 10 -- Gold prices held steady on Monday after U.S. employers unexpectedly cut jobs in July and hiring figures for the prior two months were also revised downward, helping ease the risk of an immediate U.S. interest-rate hike.
Spot gold edged up by 0.1 percent to $4,347.76 an ounce after surging to its highest level in seven weeks on Friday. U.S. gold futures were up 0.2 percent at $4,407.34.
The U.S. dollar edged up slightly but hovered near a two-month low as investors weighed ongoing uncertainty surrounding the Strait of Hormuz and looked forward to the release of key U.S. data this week, including the consumer and producer price index readings for additional clues on the Federal Reserve's rate trajectory.
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