Gold prices shot up on Friday after weak US employment data made investors increase the bets on a delay in rate hike by the Federal Reserve.The yellow metal dipped to a low of $1,110/ounce on Thursday and ended the week marginally negative at $1,138.6/ounce.The US economy created 1,42,000 jobs in September against expectations of 2,04,000 new jobs.Job gains in July and August were also revised sharply down.Silver closed at $15.258/ounce, up 0.9 per cent. However, platinum continued to witness selling pressure and ended at $910/ounce, down 3.9 per cent for the week. The US dollar index closed in the red at 95.917, down 0.3 per cent.

Source : http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/gold-to-gain-on-weak-us-data/article7724086.ece

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