U.S. Labor Department reported June payrolls rose 57,000, below economists'
115,000 forecast. Spot gold climbed more than 1.3% in Asian morning trade as
investors pared odds of a Fed rate hike in July; ANZ research said the weak
The labor market could ease pressure on the Fed to tighten at its next meeting.
Higher interest rates typically weigh on non-yielding assets such as gold,
despite its inflation-hedge role.
