India, Sept. 3 -- Gold prices were sharply higher on Thursday as U.S. Treasury yields eased from multi-year highs and oil steadied after a three-day rally, helping ease inflation and interest-rate concerns.
Spot gold jumped 1.1 percent to $4,435.98 an ounce while U.S. gold futures were up 1.6 percent at $4,483.44 an ounce.
After U.S. ADP labor figures came in below expectations, new hopes have arisen that signs of weakness in the labor market will lead the Federal Reserve to refrain from raising interest rates later this month.
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