India, June 6 -- Following the pullback seen in the previous session, the price of gold saw further downside during trading on Friday.
As the U.S. unemployment rate remained stable, the underlying job market resilience worked against the safe-haven metal on Friday. The U.S. dollar gained ground against major currencies.
Gold for June delivery fell $28.00 or 0.8 percent to $3322.70 an ounce, off by 2.6 percent from its 52-week high of $3411.40 an ounce, which it hit on May 6th. On a weekly basis, though it ended 1.0 percent higher.
Today, silver for June delivery gained 33.60 cents or 0.9 percent to reach $36.025, trading at a new 52-week high.
Data from US Labor Department revealed that the non-farm payrolls increased by 139,000 jobs in...