Gold Extends Last Week’s Advance With Dollar Surge Cooling
- Bullion just capped biggest weekly gain since mid-August
- US jobs data due this week could spur renewed volatility
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Gold edged higher in Asia after capping its best week since mid-August as a retreat in the dollar provided some relief to the precious metal.
Bullion posted its first weekly gain in three on Friday, with an easing in Treasury yields also helping to boost the allure of the non-interest bearing asset. Gold had plummeted to a two-year low earlier in the week on the back of a surge in the dollar and bond yields.