LONDON: Gold surged more than 2 percent and was on track for its biggest one-day jump in more than a month on Friday after US payrolls data fell well short of forecasts, boosting expectations that the US Federal Reserve will stand pat on interest rates.
Spot gold was up 2.3 percent at $1,238.85 an ounce at 1305 GMT, while US gold futures for June delivery were $28.20 an ounce higher at $1,240.80.
Among other precious metals, platinum was up 2.6 percent at $981.65 an ounce after earlier touching its lowest since April 8 at $950 an ounce.
Silver was up 2.3 percent at $16.34 an ounce, while palladium was up 3.7 percent at $552.11 an ounce.
Spot gold was up 2.3 percent at $1,238.85 an ounce at 1305 GMT, while US gold futures for June delivery were $28.20 an ounce higher at $1,240.80.
Among other precious metals, platinum was up 2.6 percent at $981.65 an ounce after earlier touching its lowest since April 8 at $950 an ounce.
Silver was up 2.3 percent at $16.34 an ounce, while palladium was up 3.7 percent at $552.11 an ounce.
