December 10, 2018 (MLN): Gold prices remained steady near a five-month peak hit early on Monday, much thanks to a disappointing U.S. jobs report which gave rise to conjecture that the Federal Reserve may stop raising interest rates sooner than expected.

Spot gold was up 0.1 percent at $1,248.96 per ounce, as of 0432 GMT, after hitting its highest since July 11 at $1,250.55 earlier in the session.

U.S. gold futures rose 0.1 percent to $1,254.2 per ounce.

On the other hand, Oil prices rose on Monday after OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) starting from January.

International Brent crude oil futures were at $62.21 per barrel at 0218 GMT, up 54 cents, or 0.9 percent, from their last close.

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