Gold prices tried to recover from the fall in Week Previous

Gold prices weaken extend for a four-session losing streak on Monday with a fight near the lowest level in 2 1/2 weeks after US payroll data failed to provide clarity on when US interest rates rise.

Spot gold prices in this session touched its lowest level at $ 1,118.40 / onz and is currently engaged in the range of $ 1,123.20 at 10:29 pm. The precious metal fell to a low of $ 1,116.75 on Friday, the lowest level since August 19, posting a second consecutive weekly decline.

Liquidity will likely be thin on Monday as US markets were closed for the Labour Day holiday.

Gold came under pressure on Friday after data showed the number of non-farm payrolls grew by 173,000 last month after an upwardly revised in July to 245,000, while other data showed the unemployment rate fell to a 7 1/2 year at 5.1%.

However, data on the number of workers may have been tarnished by the accidental statistics show a sharp rise in the wage figures for the month of August after a preliminary reading before.

Monitored employment report seriously failed to ease the uncertainty at the time of rising interest rates, a factor that has weighed on gold prices for the time being.