U.S. Labor Department reported June payrolls rose 57,000, below economists'
115,000 forecast. Spot gold climbed more than 1.3% in Asian morning trade as
investors pared odds of a Fed rate hike in July; ANZ research said the weak
labor market could ease pressure on the Fed to tighten at its next meeting.
Higher interest rates typically weigh on non‑yielding assets such as gold,
despite its inflation-hedge role.
