Gold prices held onto gains , for a sell-off in global equities boosted need for safe-haven assets.

Comex gold futures were up 0.11% at $1,338.00 a troy ounce by 08:15 a.m. ET (12:15 GMT).

Global equity markets did start to plunge on Friday pursuing the launch of strong U.S. employment data, which sparked concerns over rising inflation, sending bond yields sharply higher.

The Dow Jones Industrials index was particularly hit on Monday, once it heats up recorded its worst daily point drop in history.

Market participants reacted by piling into safe-haven assets for example gold, which bounced back after trading at two-week trough on Friday.

The jewelry had initially declined as soon as the turmoil the most up-to-date nonfarm payrolls report, since the U.S. dollar strengthened.

Gold is responsive to moves while in the dollar. A greater dollar makes gold higher in price for holders of foreign money.

Elsewhere around the Comex, silver futures were little changed at $16.67 a troy ounce.