Dhaka, Bangladesh (BBN) - Gold prices rebounded on Friday as a weak U.S. employment report spurred demand for bullion, according to reports.
Spot silver hit a new 30-year high on Monday, while gold prices further advanced, as the disappointing U.S. payrolls data strengthened hopes on more stimulus from the Federal Reserve, and a weak US$ lent support.
Although gold edged lower on Tuesday, pressured by a recovering dollar, gold rose to a fresh all-time high above US$ 1,386 an ounce on Thursday, riding on the back of a weaker dollar.
Oil prices slipped toward US$ 82 a barrel on Monday, retreating from a five-month high hit last week, on signs prices may have run ahead of demand.
Oil prices remained under pressure as OPEC signaled it will keep output targets steady when the group meets this week and investors worried about weak fundamentals highlighted by high inventories and lackluster demand.
BBN/SSR/SI-1Oct10-10:41 am (BST)