LONDON: Gold hit an 11-week low on Friday, heading for a third straight weekly slide, as the dollar extended its gains after better-than-expected US employment data bolstered prospects for an interest rate increase this year.

Spot gold fell as much as 1.1 percent to its lowest since March 19 at $1,162.35 an ounce and was down 1 percent at $1,163.95 an ounce by 1333 GMT.

The metal was heading for a near 2 percent weekly fall, the biggest since April 24.

Spot platinum fell 0.8 percent to $1,087.05 an ounce.

Silver fell 0.4 percent to $16 an ounce, while palladium edged 0.8 percent lower to $745.97 an ounce.

The dollar rose 1.1 percent versus a basket of currencies after the non-farm payrolls data, seen as a key barometer of the US economy.