Gold price rose on a weaker U.S. dollar despite the better-than-expected U.S. labour market data. The U.S. Labor Department released the labour market data on Friday. The U.S. economy added 211,000 jobs in November, exceeding expectations for a rise of 200,000 jobs, after a gain of 298,000 jobs in October. October's figure was revised up from a rise of 271,000 jobs. The U.S. unemployment rate remained unchanged at 5.0% in November, in line with expectations.

Market participants speculate that the normalisation process by the Fed will be slow as the slowdown in the global economy will likely weigh on the U.S. economy.

December futures for gold on the COMEX currently traded at 1085.10 dollars per ounce.