The lackluster job growth data lifted gold prices to a near six-week peak as the report lowered expectations for the Federal Reserve to raise interest rates later this year after a hike that most analysts still anticipate later in June. Nonfarm payrolls increased 138,000 in May as the government, manufacturing and retail sectors lost jobs, the Labor Department said. DOLLAR DROPSThe greenback fell to seven-month troughs against euro and Swiss franc, while sliding from a one-week high versus the yen. Analysts said the less rosy jobs data was unlikely to derail the Fed from raising interest rates this month. Against the yen, the dollar fell from one-week highs and last changed hands at 110.51 yen, down 0.75 percent.

Source: dna June 02, 2017 18:00 UTC