Comex gold contract Delivered in Feb. Up $9.80 to close at $1,796.40 an ounce.
Gold futures were also supported by the depreciation of the dollar. The dollar index fell 0.11% to 97.16, pushing the dollar-priced gold contract. It is cheaper and more attractive to investors holding other currencies.
Investors are keeping an eye on the US non-farm payrolls figures, which are due to be released on Friday. As the White House warned that The US labor market may be affected by the coronavirus pandemic. Omicron species
Analysts in the Dow Jones News poll estimate that U.S. nonfarm payrolls will increase by just 178,000 in January, and the unemployment rate is expected to remain unchanged at 3.9 percent.
