Gold prices extended their rally on Friday, putting bullion on course for its first weekly gain in five weeks after weaker-than-expected US employment data prompted traders to scale back bets on further Federal Reserve rate hikes. Spot gold touched its highest level since June 23, supported by a weaker US dollar that made precious metals more attractive to overseas buyers. Silver, platinum and palladium also traded higher and were headed for weekly gains, while fresh data from the World Gold Council showed central banks resumed net gold purchases in May. Catch the latest updates on international bullion prices, key market drivers and today’s gold and silver rates in India.
