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1st LD Writethru: Gold up after April jobs report

Xinhua, May 9, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange settled higher on Friday after nonfarm payroll report from the country came out mixed.

The most active gold contract for June delivery added 6.7 U.S. dollars, or 0.57 percent, to settle at 1,188.90 dollars per ounce.

U.S. Labor Department said on Friday that total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent from the previous month. The latest employment gain was slightly above market consensus of 220,000.

However, the March nonfarm payroll growth was revised down from 126,000 to 85,000, the lowest level since June 2012. Analysts said the mixed data supported market speculation that the Federal Reserve may not begin to raise interest rates in the immediate future.

Silver for July delivery added 16.8 cents, or 1.03 percent, to close at 16.465 dollars per ounce. Platinum for July delivery rose 12.1 dollars, or 1.07 percent, to close at 1,143.50 dollars per ounce. Endite