Gold Prices Rise on Continued Trade Tensions With China

Gold rose last Friday on raising trade tensions and disappointing jobs report. Gold Spot rose 0.54 percent to $1,335.73 per ounce during last Friday's trading session, while U.S. Gold future for June delivery was up 0.54 percent to $1,335.7 per ounce. According to the Bureau of Labor Statistics, the U.

S. economy adds 103,000 payrolls in March, falling short of Wall Street expectations of 193,000. This is also marked as the smallest gain in six months. The unemployment rate remained at a low level of 4.1 percent and jobs numbers were closely watched by Federal Reserve policymakers. The Fed raised benchmark rates in March. Investors expected two more rate hikes this year. Gold is highly sensitive to the changes in U.S. interest rates as a higher rate will increase the opportunity cost of holding non-yielding bullion. Bonterra Resources Inc. (OTC: BONXF), AngloGold Ashanti Limited (NYSE: AU), Kinross Gold Corporation (NYSE: KGC), Barrick Gold Corp (NYSE: ABX), Goldcorp Inc (NYSE: GG)