Gold recovers from post-jobs beating

Gold rebounded on Monday as weak global economic data revived safe-haven demand for the precious metal.

Gold for February delivery GCG5, +0.55% rose $4.50 to settle at $1,194.90 an ounce. March silver SIH5, +0.36% gained 2 cents to $16.27 an ounce.

On Friday, gold prices slumped in reaction to a better-than-expected jobs report. Still, the precious metal managed a 1.3% gain for the week.