New Delhi, Feb. 6 -- Gold prices recouped part of their recent losses during Friday's session, as the sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment.

On the economic front, weaker US labour market data reinforced expectations of a US Federal Reserve rate cut in June, supporting safe-haven demand. On the geopolitical front, Iran and the US began high-stakes negotiations in Oman on Friday over Tehran's nuclear programme.

Tracking gold's move on the day, the April futures contract on Comex rebounded by $62 per ounce to the day's high of $4951, recouping all of the $61.3 losses from the previous day.

Silver prices, which have a dual role as both a precious and an industrial me...