Gold futures finished higher on Friday, as the US dollar weakened against its major peers overseas. Although, softening safe-haven demand amid de-escalate tensions between the U.S. & its trading partners and reduced chances of Federal Reserve interest rate cut after strong U.S jobs report, capped some gains in the session. The U.S. data showed nonfarm payrolls increased by 177,000 jobs last month, more than the 130,000 expected. The unemployment rate held steady at 4.2%.
Gold futures for June delivery rose by $21.1 or 0.6% to settle at $3,243,30 an ounce on the Comex division of the New York Mercantile. Spot gold up by $1.29 or 0.04% to $3,240.49 an ounce.