Gold futures on the COMEX division of the New York Mercantile Exchange saw a modest bounce on Monday, after a solid U.S. jobs report issued late last week contributed to a drop in prices to their lowest level in more than three months.

The most active gold contract for August delivery rose 3.5 U.S. dollars, or 0.29 percent, to settle at 1,213.20 dollars per ounce.

The metal lost 1.11 percent on Friday to end the session at 1,209.70 dollars per ounce-the lowest finish since March 15. Gold prices edged up on technical support as traders awaited signals from central banks on interest rate hikes.

The closely watched nonfarm-payrolls report showed 222,000 jobs were added to the U.S. economy in June, easily beating expectations. That helped to cement views that the Federal Reserve is likely to tighten monetary policy again later in 2017.

Higher interest rates can lift the appeal of holding dollars. That also means that a stronger dollar undercuts the benefit of investing in gold that is priced in the currency and doesn't offer a yield.

As for other precious metals, silver for September delivery added 20.4 cents, or 1.32 percent, to close at 15.629 dollars per ounce. Platinum for October delivery went down 2.20 dollars, or 0.24 percent, to close at 901.90 dollars per ounce.