Gold shines on US jobs data

London

GOLD, seen as a haven investment, rallied on Friday last week as weaker-than-expected US jobs data weighed on the dollar.

The precious metal, which had fallen for most of the week, shot higher as the poorly-received employment figures meant that the Federal Reserve was unlikely to kick-start before the end of the year a campaign of raising US interest rates, according to analysts.

"Gold prices soared, coming off a five-day losing streak and erasing losses from the past three days. . . on the reduced chance of a US rate hike follow…