Gold rose on Friday as investors assessed U.S. non-farm payrolls data that may indicate the Federal Reserve will delay an immediate interest rate hike, but was still on course for a weekly fall.
Nonfarm payrolls increased 215,000 last month as a pickup in construction and manufacturing employment offset further declines in the mining sector, the Labor Department said on Friday. The unemployment rate held at a seven-year low of 5.3 percent.
"The trade is still speculating that this is still going to be a more protracted process than had been anticipated," said Eli Tesfaye, senior market strategist for brokerage RJO Futures in Chicago, calling the report "not overly positive" for economic conditions and more on the neutral side.
Spot gold, which hit a session low of $1,082.76 an ounce immediately after the U.S. jobs report, managed to rebound 0.5 percent to $1,094.54 by 2:31 p.m. ET. It had fallen to $1,077 on July 24, its weakest since February 2010.
Spot prices were still marginally down on the week, with a seventh weekly loss in a row matching a similar losing streak in May-June 1999.
U.S. gold for December delivery settled up 0.37 percent at $1,094.10 an ounce.