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Gold rose on Monday as the dollar slipped on receding expectations of an imminent U.S. interest rate rise after below consensus jobs numbers from the United States last week.
Spot gold was up 0.1 percent at $1,325.70 an ounce at 0913 GMT. The precious metal hit a one-week high above $1,341 on Friday after data showed U.S. employment growth slowed more than expected in August after two straight months of robust gains.
U.S. gold futures were up 0.2 percent at $1,329.9.
"What we're seeing is a reversal of expectations that U.S. interest rates would rise in September," said ICBC Standard Bank analyst Tom Kendall. "The idea that monetary policy is going to stay supereasy is good for gold."
The U.S. Federal Reserve's next policy meeting takes place Sept. 20-21. A decision to keep policy on hold could mean a lower U.S. currency, which would make dollar-denominated gold cheaper and more attractive for non-U.S. firms.
The U.S. Labor Day holiday is expected to keep volumes subdued on Monday, but markets will closely watch new U.S. data releases and any speeches from Fed officials for clues to the timing of any rate moves.
"We have seen the lows for the time being now in the market and (gold) will stay between $1,310 and $1,350 for the foreseeable future," Marex Spectron said in a note. "The countdown has already begun to ... the conclusion to the FOMC meeting."
On technicals, analysts see strong support at $1,315, a 23.6 percent retracement of the August to September fall, while resistance is at $1,330 the 50 percent retracement level.
Analysts and traders are also waiting to see whether physical demand in India picks up over coming weeks due to festivals and the wedding season.
"This has been a disrupted year for gold demand in the Indian market ... it's going to take time for it to approach anything like normal," Kendall said.
Spot silver slipped 0.2 percent to $19.37 an ounce, but was still near a two-week high of $19.44 hit on Friday.