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Gold prices climbed higher in early London trade as the dollar remained under pressure following weak U.S. payrolls data on Friday, reports Thomson Financial.

Friday’s grim jobs news has put further downward pressure on the already weak dollar, by reinforcing the widely-held view that the US economy is in a downturn.

At 9:27 am., spot gold was trading at $914.78 an ounce against $909.80 in late New York trades on Friday, according to Thomson.