Gold rose to a six-month high on Friday, extending the previous session's 2-percent gain, after the Federal Reserve launched an aggressive economic stimulus program that could add to the risk of inflation and strengthen bullion's appeal. Spot gold climbed as high as $1,777.51 an ounce, its highest since February 29, before giving up some gains to trade at $1,774.60 by 0631 GMT, up half a percent from Thursday's close.
The most-active US gold futures contract also hit a six-month high, at $1,780.2, before edging back to $1,777.