Gold Near One Month High Above $1230

Gold jumped on Monday as the dollar pared gains and shares turned negative, with investor sentiment boosted by shifting expectations on when U.S. interest rates may rise.

Spot gold climbed to its highest since Dec. 11 at $1,235 and was up 1 percent at $1,234 an ounce.  U.S. gold futures for delivery in February settled at at $1,232.80 an ounce, the highest since Oct. 22.

U.S. nonfarm payrolls data on Friday showed U.S. wages posted their biggest decline in at least eight years in December, even though payrolls increased by a brisk 252,000.  The data added to speculation the Federal Reserve would be cautious in raising rates, which could help non-interest-bearing gold.


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