SINGAPORE, Feb 6 (Reuters) - Spot gold rebounded on
Monday as Asian buyers rushed to snatch bargains after
better-than-expected U.S. jobs data helped prices fall nearly 2
percent in the previous session, but the uncertain global
economic outlook remains supportive of bullion.	
    Spot gold gained 0.6 percent to $1,736.05 an ounce by
0307 GMT, after posting its biggest one-day drop in more than a
month.	
    U.S. gold was little changed at $1,739.10.	
    The surprisingly strong U.S. labour market data on Friday
boosted confidence in the recovery of the world's largest
economy, lifting prices of shares and industrial metals while
dampening hopes for fresh quantitative easing measures.
 	
    But traders and analysts said gold's outlook remains rosy as
the uncertain global economic outlook will force central banks
around the world keep their monetary policies accommodative. 	
    "The QE3 (third round of quantitative easing) is less likely
after the jobs data, but the longer-term low interest rate
outlook is still potentially supportive of gold," said Nick
Trevethan, senior commodity strategist of ANZ in Singapore.	
    In addition, bargain hunting from Asian buyers, especially
from China, helped gold prices to rebound, traders said.	
    "There has been quite a lot of buying since Shanghai opened,
as gold was 30 bucks cheaper than they last saw it," said a
U.S.-based trader.	
    "We will be supported around $1,730 in the next few hours,
although when Europe comes in it would be an entirely different
picture."	
    Greece is facing a deadline later today on whether to accept
the painful terms of a new bailout to avoid a chaotic default.
 	
    Technical analysis suggested that spot gold could rise to
$1,742 an ounce, said Reuters market analyst Wang Tao.
 	
    	
    Money managers, including hedge funds and other large
speculators, increased their bullish bets in gold, silver and
copper futures and options in the week of Jan. 31, as prices of
all three metals rose to multi-month highs. 	
    Strong demand from China as well as India will likely
continue buoying sentiment in bullion, said Trevethan of ANZ. 	
    China, the world's largest gold producer, churned out a
record of 360.95 tonnes of gold in 2011, which pushes the annual
consumption to at least 800 tonnes based on calculations
factoring the gold flow from Hong Kong to the mainland in the
first 11 months of the year.  	
 Precious metals prices 0307 GMT
  Metal             Last    Change  Pct chg  YTD pct chg    Volume
  Spot Gold        1736.05   10.25   +0.59     11.01
  Spot Silver        33.70    0.11   +0.33     21.70
  Spot Platinum    1617.99    0.49   +0.03     16.15
  Spot Palladium    702.50   -2.50   -0.35      7.66
  COMEX GOLD APR2  1739.10   -1.20   -0.07     11.00        10494
  COMEX SILVER MAR2  33.72   -0.03   -0.10     20.78         1379
  Euro/Dollar       1.3084
  Dollar/Yen         76.69
  COMEX gold and silver contracts show the most active months

• Oil Prices U.S. Dollar And Interest Rate Expectations Could Push Gold Higher Next Week – Analysts   (2016-01-30 03:49:19)
• Price of Gold in 2016: Will It Break Out or Melt Down?   (2016-01-19 05:33:39)
• Gold Sees Decent Short-Covering Bounce, Some Technical Buying   (2015-12-22 04:50:39)
• PRECIOUS-Gold falls as looming U.S. rate rise lifts dollar Read more at Reutershttp://www.reuters.com/article/global-precious-idUSL3N14334F20151214#K113K1O55Bq13ITK.99   (2015-12-14 18:49:37)
• PRECIOUS-Gold falls as looming U.S. rate rise lifts dollar Read more at Reutershttp://www.reuters.com/article/global-precious-idUSL3N14334F20151214#K113K1O55Bq13ITK.99   (2015-12-14 18:49:32)
• Gold Poised for Longest Weekly Slump Since September Before Data   (2014-04-04 09:52:32)
• Gold Bulls Run for $1,400 as Ukraine Turmoil Fuels Haven Demand    (2014-03-04 09:36:22)
• Gold to Oil Climb as Commodities Reach Six-Month High on Ukraine    (2014-03-04 09:35:49)
• Gold Fix Study Shows Signs of Decade of Bank Manipulation   (2014-03-01 08:47:36)
• Gold Rises to 17-Week High on Signs U.s. Economy Sputters    (2014-02-26 08:29:25)