Gold caught some fresh bids during the early North American session and shot to near one-month tops, around the $1,830 region in reaction to disappointing headline NFP print.
Investors pushed back their expectations for the likely timing when the Fed will begin rolling back its massive pandemic-era stimulus.
Meanwhile, the data now seemed to have raised doubts about the US labour market recovery and fueled worries about the potential risks associated with the fast-spreading Delta variant of the coronavirus.
That said, a sharp spike in the US Treasury bond yields held bulls from placing aggressive bets and kept a lid on any further gains for the non-yielding gold.
A convincing breakthrough the mentioned barrier has the potential to lift gold prices further towards the $1,852 region en-route the next major hurdle near the $1,868-70 zone.
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