Gold is currently at $1,166.90 (-0.21%) an ounce. Investors put concerns over Greece aside and concentrated on today's U.S. payrolls report. Investors will be looking for clues to the timing of the data-determined rate hike by the Fed. Strong data would mean that there is a continuous improvement in labor market, which is required to justify a rate hike.

Gold may become more attractive if Greece leaves the euro zone or a similar scenario happens in other European countries.