Gold rose to its highest in nearly two weeks early on Monday, adding to its biggest one-day gain in nearly three months in the previous session when weak U.S. employment data sharply cut the chance of a near-term U.S rate hike.

 

Spot gold was up 0.2 % at $1,246.10 per ounce by 0052 GMT. It reached a high of $1,248.40, its best since May 24. Bullion soared about 2.8 %on Friday, its biggest one-day percentage gain since Feb. 11. 

  U.S. gold climbed 0.5 % at $1,248.90. 

  Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.71% to 881.44 tonnes on Friday, the highest since October, 2013.  

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