1435 GMT – Gold futures rise, recouping losses from earlier in the session. Futures are up 0.3% at $3,436.30 a troy ounce. The precious metal continues to extend the rally begun Friday by significantly weaker-than-expected U.S. jobs data. The Nonfarm Payroll data also brought significant downward revisions to prior months’ figures, raising concerns about the health of the economy and increasing expectations of an interest rate cut in September. The precious metal is benefiting from several factors, including fresh uncertainty stoked by President Trump’s firing of the head of the Bureau of Labor Statistics shortly after the data release, Commerzbank analysts say in a note. The potential loss of trust in U.S. economic statistics could lead to the U.S. losing further attractiveness for investors, boosting gold’s safe-haven appeal, Commerzbank says. (joseph.hoppe@wsj.com)

Gold Futures Slide as Market Risk Appetite Builds

1208 GMT – Gold futures retreat on rising risk-sentiment, though they remain higher on week. Futures are down 0.6% at $3,407.0 a troy ounce, though they remain up around 2.5% on week following Friday’s weaker-than-expected U.S. jobs report. The precious metal has come under pressure from a more stable dollar and improved risk appetite after Nonfarm Payroll data prompted an initial flight to safety, Exness analysts say in a note. Still, gold could remain supported by increasingly dovish monetary policy expectations, Exness’ Van Ha Trinh says in a note. The disappointing data and significant downward revisions to previous months’ figures have raised market hopes for three interest rate cuts this year, Trinh says. Lower rates typically boost non-interest bearing bullion’s appeal. (joseph.hoppe@wsj.com)