Gold prices rose on Friday after breaching the key $1,800 level in the previous session, boosted by a weaker dollar and lower Treasury yields, while investors awaited US non-farm payrolls data due later in the day.
Spot gold was up 0.3% at $1,819 per ounce by 0959 GMT, after hitting its highest since Feb. 16 earlier in the session. Bullion has gained nearly 3% so far this week, its best week since early Nov. 2020.
US gold futures rose 0.3% to $1,820.70.
"The technical picture has brightened after gold finally broke above $1,800. This could lead to follow-up buying by speculative, technical investors and could also lead to more conviction amongst ETF investors," Commerzbank analyst Carsten Fritsch said.
The dollar index slipped to a one-week low, while benchmark US 10-year Treasury yields hovered close to a two-week low.
Market participants await US monthly jobs report due at 08:30 a.m. EST. Economists expect 978,000 new US jobs in April, according to a Reuters poll.
Data on Thursday showed weekly US jobless claims dropped to a 13-month low.
"The Fed has made pretty clear that it will not react even after strong US data and the monetary policy stands for the time being. So, even a strong US payroll would not have a meaningful negative impact on gold. But, a weaker one would be bullish for gold," Fritsch said.
Spot gold may test a resistance at $1,830 per ounce, a break above which could lead to a gain to $1,847, according to Reuters technical analyst Wang Tao..
Elsewhere, palladium fell 0.5% to $2,931 per ounce, after hitting an all-time high of $3,017.18 earlier this week.
Silver eased 0.1% to $27.27 per ounce, though the metal has climbed more than 5% this week. Platinum slipped 0.4% to $1,247.