Gold futures ended sharply higher on Friday, marking its eighth sessional gain out of nine with the slide in dollar and on intensified geopolitical uncertainties. Hotter than expected March jobs report also lifted the precious metal to an all-time high of $2,350 an ounce in the session. The yellow metal for the most active contract marked sixth straight weekly gain, with a jump of 4.78% this week.
Gold futures for June delivery surged by $36.90 or 1.5% to $2345.40 per ounce on the Comex division of the New York Mercantile. While, spot gold increased by $38.81 points or 1.69% to $2,329.75 an ounce.