Gold closes higher, scores weekly gain
Gold prices rose on Friday, as the US dollar slumped against its peers after the US monthly jobs report.
Data showed that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.
The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.
US President Joe Biden said after the data that economy is on the right track despite a vastly disappointing monthly jobs
The dollar index fell against a basket of currencies by 0.8% to 90.2 points as of 19:46 GMT, after it hit a high of 90.9 points and a low of 90.2 points.
Gold June futures rose 0.9% or $15.60 to $1,820.1 an ounce, and closed at the highest level since February 10 at $1,831.30 an ounce, with a weekly gain of 3.6%.
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