Gold prices rose nearly 2% to above $1,860 an ounce in trading session on Friday, March 10th, after the jobs report sent the dollar lower.
Gold in spot transactions rose 2% to $1860.23 an ounce, and US gold futures rose 1.6% to $1850.4 an ounce, recording weekly gains of about 1.5%.
The US economy added 311,000 jobs in February, much more than expected, but the unemployment rate rose to 3.6% and wage growth slowed, dampening expectations about the need to raise interest rates.
Silver prices increased by approximately 2.1% to reach above $20.66, while platinum recorded a 1.46% increase at $963, while palladium fell by 0.5% to $1368 levels.
