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Gold prices mark one-week high
Gold prices rose on Wednesday following weak US data, which bolstered the odds of multiple Fed rate cuts this year.
Earlier data showed the US private sector added 152 thousand new jobs in May, compared to the addition of 188 thousand new jobs in April, indicating a slowdown in the labor sector, and boosting hopes of Fed rate cuts this year.
The fuller US payrolls report will be released on Friday and will impact the pricing for future Fed rate cuts.
The US services PMI on the other hand rose to 53.8 in May from 49.4.
Otherwise, the dollar index rose 0.2% as of 20:05 GMT to 104.2, with a session-high at 104.4, and a low at 104.1.
On trading, gold spot prices rose 1.2% to $2375 an ounce as of 20:05 GMT, the highest since May 28.
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