Gold heads for best week in five months on softer dollar, yields

By Brijesh Patel (Reuters) - Gold prices on Friday hovered near a 2-1/2-month high and were on track for their best week in five months, aided by a weaker dollar and a pullback in Treasury yields as investors cautiously await U.S. non-farm payrolls report due later in the day. Spot gold was steady at $1,815.88 per ounce by 0246 GMT, after hitting its highest since Feb. 16 at $1,817.90 in the previous session.

Bullion up more than 2.5% so far this week. U.S. gold futures were little changed at $1,816.40. "The weaker dollar.

This article is no longer available in our repository.

There could be multiple reasons for this.