Updated from 11:55 a.m. ET with settlement pricesNEW YORK ( TheStreet) -- Gold prices climbed Monday on a slight reprieve from Friday's drop and as the U.S. dollar slipped. Gold for August delivery at the COMEX division of the New York Mercantile Exchange jumped $22.20 to settle at $1,234 an ounce. The gold price traded as high as $1,237.40 and as low as $1,214.40 an ounce, while the spot price was tacking on $13.72. "I don't really expect that significant of a move, especially after Friday's fallout," Phil Streible, senior commodities broker at RJO Futures, said in an interview. "I anticipate that we'll move back down, fish out the stops." Gold dropped 0.9% last week as a raft of positive economic data raised concerns among traders that the Federal Reserve may begin to taper its monetary stimulus program as early as September. The yellow metal came under particular selling pressure on Friday as the Bureau of Labor Statistics reported better-than-expected headline nonfarm payrolls increased 195,000 in June, while the unemployment rate remained unchanged at 7.6%. A deeper look into the report showed an upward revision of payrolls added in May to 195,000 jobs and 199,000 in April. "The unemployment rate remained at 7.6%, and our economists maintain their 'Septaper' view that the Fed will begin to reduce the pace of its asset purchases at the September meeting," Barclays wrote in a research note on Monday. Silver prices for September delivery rose 30 cents to $19.04, while the U.S. dollar index was falling 0.26% to $84.23. Barclays also noted that physical demand, in the wake of recent selling, has remained subdued as compared to April when gold witnessed its biggest percentage two-day selloff in some 30 years. The slide in physical demand -- which traditionally is highest in the Indian and Chinese markets -- likely could be due to a seasonal lull. Traders and analysts typically look to the fall season for an uptick in physical buying in Asian markets. The U.S. Mint reported that July sales of one-ounce American Buffalo and American Eagle gold coins has reached 20,500. Gold mining stocks were mixed on Monday. Shares of Gold Fields ( GFI) were falling 2.6%, while shares of Agnico-Eagle Mines ( AEM) were gaining 5.4%.