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Gold prices jump 1% when the dollar falls



Gold prices jump 1% when the dollar falls

source: Reuters

Gold opted for trading on Friday and stayed away from a 4-month low that fell in the previous session when the dollar fell, despite data showing an increase in US job growth last month.

Spot gold rose 1% to $ 1282.30 an ounce, before slightly retreating to $ 1280.66 against 1450 GMT. But the precious metal is still on its way to end the week at a loss.

US gold futures increased 0.9% to $ 1281.2 an ounce.

In the previous session, gold fell to $ 1265.85 an ounce, the lowest level since the end of December.


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