Gold prices fell as much as 1.2% on Friday, as the dollar rose after U.S. data showed employment increased more than expected in July, raising the probability ofan interest rate hike from the Federal Reserve this year.
Figures released Friday by the U.S. Labor Department revealed non-farm payrolls increased by 255,000 jobs last month as hiring rose broadly after an upwardly revised 292,000 surge in June.
Spot gold, steadier initially, fell to a one-week low of $1,344.85 U.S. an ounce and was last down 1.6% at $1,339.40. U.S. gold was down 1.7% at $1,344.80 an ounce.
Gold had benefited after the Bank of England cut interest rates to next to nothing on Thursday and unleashed billions of pounds of stimulus to cushion the economic shock from Britain's vote to leave the European Union.
Spot platinum was down 1.3% at $1,142.90 U.S., after touching its highest since April 2015 at $1,177.40 on Tuesday, while spot silver fell 2.6% to $19.76 U.S. an ounce.
