For the week, gold prices gained about 0.2%.
In some positive economic news, employment in the US rose much more than anticipated in April, a report from the
Nonetheless, eurozone unemployment rate held on to a high level for a third successive month in March, suggesting the economic recovery not yet strong enough to improve the labor market.
Gold for June delivery, the most actively traded contract, jumped
Gold for April delivery scaled an intraday high of
Yesterday, gold futures extended losses to a fourth straight session, after April manufacturing activity in the US rose more than expected, with consumer spending and personal income also on the rise.
The dollar index, which tracks the US unit against six major currencies, traded at 79.54 on Friday, up from its previous close of 79.52 late Thursday in North American trade. The dollar scaled a high of 79.85 intraday and a low of 79.50.
The euro traded lower against the dollar at
In economic news, The non-farm payroll employment surged by 288,000 jobs in April compared to economists' estimates for an increase of about 218,000 jobs. The unemployment rate dropped to 6.3%.
The report also showed upward revisions to the job growth in the two previous months, with employment up 203,000 jobs in March and 222,000 jobs in February.
A report from the
Eurozone's seasonally adjusted unemployment rate was 11.8% in March, unchanged from February, after revisions to data from the previous months, figures from Eurostat showed Friday. Economists expected the rate steady at February's original 11.9%.
The jobless rate has been at 11.8% since
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