Gold up as dollar turns lower; focus on U.S. jobs data

05-May (Reuters) – Gold rose on Tuesday as the dollar turned lower and global shares fell ahead of U.S. non-farm payroll data later in the week that could give clues as to when the Federal Reserve will raise interest rates.

Spot gold fell initially then firmed, and was up 0.4 percent at $1,192.80 an ounce by 2:20 p.m. EDT (1820 GMT). U.S. gold futures for June delivery settled up $6.40 an ounce at $1,193.20.

“Gold was firm yesterday and is continuing the trend today, with dollar weakness helping,” Deutsche Borse’s MNI senior analyst Tony Walters said.

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