Gold hit its highest in over a year on Friday as the dollar sagged after weaker-than-expected US jobs data and as festering tensions over North Korea stoked safe-haven demand. Spot gold was up 0.4 percent at $1,352.91, as of 0723 GMT. Earlier in the session, it marked its strongest since August last year. It was up over 2 percent for the week, on track for a third weekly gain.
US gold futures for December delivery rose 0.7 percent to $1,359.50. "Lingering North Korean tensions and a general US dollar, sell-off propelled gold to new 2017-highs overnight. Gold continues breathing thin air at these rarified levels with the next technical target at $1,375.00," said Jeffrey Halley, a senior market analyst at OANDA. Spot gold may break resistance at $1,350 per ounce and rise more to the next resistance level at $1,358, said Reuters technical analyst Wang Tao.