World Economy

Gold Rises, $ Pauses

Gold Rises,  $ PausesGold Rises,  $ Pauses

Gold rose on Monday as the dollar rally paused but remained near a three-month low after a strong US jobs report boosted expectations the Federal Reserve would soon raise interest rates, Reuters reported. Spot gold rose 0.5% to $1,173.26 an ounce. It fell 2.6% on Friday, its biggest daily loss since Oct. 1, 2013, and reached its lowest since Dec. 1 at $1,163.45.