Gold Gains after ADP Private Payrolls Fall to 3-Year Low Gains as After data showed U.S Non farm Employement roses at the slowest pace in three years.

Gold for june delivery on the comex division of the New York Mercantile Exchange fell to an intraday low of $1,280.50 a troy ounce.

The dollar bounced back against a basket of six major currencies on wednesday,climbing to a high of 93.23,its weakest level since january 2015.

A gradual path to higher is seen less of a threat to gold prices.

Investors are keen on upcoming report of upbeat employement which support the case for the Federal Reserve to gradually tighten monetary policy this year.