Advances in gold above U.S. $ 1,400 Increase payroll less than estimated

Gold rose above $ 1,400 an ounce in New York, USA employers added fewer jobs than expected in November, increasing the demand for wealth protection.

Payrolls increased by 39,000 jobs, less than the most pessimistic forecast of economists surveyed by us , the Labor Department figures showed today. The unemployment rate rose to 9.8 percent, the highest since April. Gold futures reached a record $ 1424.30 an ounce on November 09.

Weaker than expected jobs data is likely to keep metals driven by continued focus on easy Fed policy, "said Tom Pawlicki, an analyst at MF Global Holdings Ltd. in Chicago, in a report, referring to Federal Reserve.

Gold futures for February delivery added $ 13.90, or 1 percent, to $ 1,403.20 an ounce at 8:42 am on the Comex in New York. The metal for immediate delivery in London was 1.2 percent, to $ 1,402.25.