New Delhi, Feb. 13 -- Safe-haven assets made a strong comeback on 13 February in Friday's session, as softer US inflation data reinforced expectations of Federal Reserve rate cuts, while a weaker US dollar is also supporting precious metals recovery.

After falling $150 in the previous session, the April futures contract on Comex rebounded $81 per troy ounce to reach the day's high of $5,029.

If prices hold around these levels toward the close, it would help the yellow metal extend its weekly winning run to a second straight week.

According to Reuters, US consumer prices, which measure the cost of goods and services in the economy, increased less than expected in January. Prices rose 0.2% during the month, below expectations of 0.3%, re...