Gold price, June 7 -- After the release of weak US economic data, MCX gold prices opened with an upward gap at Rs.98,248 per 10 grams and quickly rose to an intraday high of Rs.98,378 shortly after the market opened on Friday, June 6. The precious metal settled 0.02 per cent higher to end the day at Rs.97,051.

The weak U.S. economic data overshadowed the early optimism sparked by President Donald Trump's call with Chinese President Xi Jinping, as investors turned their focus to the upcoming U.S. payroll report.

In the international market, Gold prices declined by over 1% on Friday following a U.S. jobs report that exceeded expectations, reducing optimism for near-term interest rate cuts by the Federal Reserve.

" Gold prices have rallie...