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Gold Prices Edge Up on Weak U.S. Payroll Data; U.S, China Close In on Trade Deal

Gold prices edged up on Thursday in Asia as a weaker-than-expected U.S. payroll data outweighed optimism surrounding U.S.-China trade.

Gold Futures traded on the Comex division of the New York Mercantile Exchange edged up 0.1% to $1,297.05 an ounce by 12:35 AM ET (04:35 GMT).

Data on Wednesday showed private payrolls in the U.S. increased by just 129,000 in March, well below the expected 184,000. That was the worst reading since September 2017.

The disappointing data added to concerns of slowing U.S. economic growth and lifted prices of the safe-haven gold.

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