Gold futures edged higher on Monday buoyed as a disappointing US jobs report appeared to dilute the prospects for an aggressive string of interest rate hikes in the United States. US job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent. Gold futures for August delivery rose 0.3% to trade at $1,283.4 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold had risen 0.1 percent, to $1,281.40 per ounce.

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