The US dollar rose against most major currencies on Friday, after the release of the monthly jobs report in the US, which showed strong data for November.

The US Department of Labor revealed today that the economy has added 266K new jobs in November, higher than forecasts of 181K jobs.

The unemployment rate fell unexpectedly last month to a 50-year low of 3.5% from 3.6% in October.

The White House chief economic advisor Larry Kudlow said that the US and China are engaged in intensive talks and are getting close to reaching a trade deal.

But Kudlow warned that the Trump administration is ready to end these talks if the deal is no good for Washington.

Otherwise, the dollar index rose against a basket of currencies by 0.3% to 97.7 points as of 18:39 GMT, and hit an intraday high of 97.8 and a low of 97.3.

Gold prices fell on Friday, after the release of a robust monthly jobs report in the US that pushed the stock market and dollar higher, and dented gold's safe-haven appeal.

The US Department of Labor revealed today that the economy has added 266K new jobs in November, higher than forecasts of 181K jobs, and the unemployment rate fell to 3.5% (50-year low) from 3.6%.

This came after the White House chief economic advisor Larry Kudlow said that the US and China are close to reaching a trade deal.

Otherwise, the dollar index rose against a basket of currencies by 0.3% to 97.7 points as of 19:15 GMT, with a high of 97.8 and a low of 97.3.

Gold futures for February delivery lost 1.2% or $18 to close at $1,465.10 an ounce, and posted a weekly loss of 0.6%, with an intraday high of $1,485.3 and a low of $1,463.3.

Silver prices fell during Friday's session, as investors echwed precious metals after the release of a robust monthly jobs report in the US that pushed the stock market and dollar higher.

The US Department of Labor revealed today that the economy has added 266K new jobs in November, higher than forecasts of 181K jobs, and the unemployment rate fell to 3.5% (50-year low) from 3.6%.

President Donald Trump praised the report via his official account on Twitter, saying "Great jobs report."

Otherwise, the dollar index rose against a basket of currencies by 0.3% to 97.7 points as of 20:51 GMT, with a high of 97.8 and a low of 97.3.

Silver prices for March delivery dipped 2.7% to close at $16.596 an ounce, and posted a weekly loss of 3%, an intraday high of $17.125 and a low of $16,575.

Soybean prices rose on Friday, lifted by Chinese Ministry of Finance decision on US farm imports and renewed hopes about the US-China trade talks after positive statements.

The Chinese Ministry of Finance is preparing tariff waivers on multiple US goods including soybean imports.

White House economic advisor Larry Kudlow said that the US and China trade deal is close, but the Trump administration is ready to end these talks if the deal is no good for Washington.

Otherwise, data showed that China has increased its domestic soy production by 13% during 2019 to 19.1 million tons, due to its trade war with the US and the Chinese government providing stimulus to farmers for growing this type of crop.

Soy futures for January delivery gained 0.5% to close at $8.89 a bushel, and hit an intraday high of $8.94 and a low of $8.84.