Gold touched a 9½-month high on Friday after data showed U.S. job growth slowed more than expected in August, but reversed gains when investors judged that the figures were unlikely to change the outlook for U.S. interest rate rises.
Spot gold was up 0.22 percent at $1,323.97 an ounce after reaching $1,328.80, the highest since Nov. 9. It was still set for a weekly gain of 2.3 percent.
U.S. gold futures for December delivery gained 0.62 percent to settle at 1,330.40, its highest settle since Sept. 27 when it ended the day at $1,330.40, and the fifth positive session in the last six. In midday trading gold hit a high of $1,334.50, its highest level since Nov. 9 when it traded as high as $1,338.30.
The U.S. Labor Department said nonfarm payrolls increased by 156,000 last month and average hourly earnings rose three cents or 0.1 percent. The figures missed economists' forecasts but analysts were divided on how they would affect Federal Reserve policy on interest rate rises.