Gold prices inched higher for the first time in seven sessions Monday.

Dec. gold added 40 cents to settle at $1,088.10/oz.

Prices steadied after hitting a multi-month low on expectations the Federal Reserve will soon raise interest rates.

On Friday, the Labor Department report said non-farm payroll employment jumped by 271,000 jobs in October, pushing the unemployment down to a seven-year low of 5.0 percent.

The material has been provided by InstaForex Company – www.instaforex.com