Gold Hits 5-Mo. Peak on Security Fears

Gold hit a five-month high on Friday after U.S. jobs data dampened expectations that the U.S. Federal Reserve would raise interest rates and amid rising global security tensions.

U.S. jobs grew in March at the slowest rate in 10 months, boosting gold which is most attractive to investors in a low interest rate environment

Spot gold was up 1.2%at $1,265.64 U.S. per ounce, after earlier climbing to its highest since Nov. 10 at $1,270.46 U.S. and on track for a fourth straight week of gains.

U.S. gold futures climbed 1.1% to $1,267.60 U.S. an ounce.

The shiny metals was also bought up by investors looking for safety after the United States fired cruise missiles at a Syrian air base, escalating tensions with Russia and Iran.

Elsewhere among metals, spot silver rose 0.7% to $18.35 U.S. an ounce, after touching $18.47, the highest since Feb. 27.

Platinum advanced 1.1% to $966.50 U.S., while palladium added 0.3% to $805.25 U.S.

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