Gold prices recovered after sinking on Friday following the release of nonfarm payrolls data that far exceeded expectations.
The economy boasted 313,000 jobs added in February, demolishing the 200,000 figure anticipated by Reuters economists. In spite of concerns that the market is at or even beyond full employment, job growth charged ahead, led by a leap in construction payrolls.
Spot gold was up 0.02 percent at $1,322.06 an ounce by 10:57 a.m. EST, after it dropped nearly 0.7 percent to lows of $1,313.34 following the release of the report. The metal was on track for a third consecutive weekly decline.
U.S. gold futures for April delivery rose 0.1 percent to $1,323 an ounce.
The dollar jumped more than 0.7 percent against the yen and edged up against a basket of currencies, making gold more expensive for buyers using other currencies.