Gold witnesses $ 1,800 as the dollar pauses and markets summarize US employment reports


* Most US markets closed on Monday

* Fed minutes scheduled for Wednesday (updated prices)

July 5 (Reuters)-Gold prices rise on Monday due to weaker dollars and lower bond yields amid a mix of U.S. labor data, investors ease concerns about faster policy tightening, and metals Helped it rise to the $ 1,800 level again.

Spot gold rose 0.3% to $ 1,791.2 per ounce by 1234 GMT after reaching its highest since June 18th on Friday at $ 1,794.86. Most US markets were closed on Monday due to Independence Day holidays.

Saxo Bank analyst Ole Hansen said the dollar has abandoned some of its recent strength and gold “now holds some of Friday’s rise and again challenges resistance above $ 1,800. I have. “

At the same time, Friday’s “not too hot” employment report “reduced the risk of action by the FOMC even faster … giving some room to money,” Hansen added.

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