Gold Advances Amid Weaker Dollar, Disappointing U.S. Labor Data, Update: Bloomberg

Gold rose to the highest in a week as investors sought haven after a labor report pointed to an uneven recovery in the U.S. jobs market.  

Applications for U.S. state unemployment benefits unexpectedly rose for a third straight week, led by another surge in California. The dollar fell after the report, boosting bullion’s appeal for investors holding foreign currencies.