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Gold prices rose and on track to achieve gains for the second week in a row thanks to the weak dollar as weak jobs data in the United States negatively affected hopes for the economic recovery.
Gold rose in spot trading 0.6% to 1953.70 dollars an ounce with the opening of European markets and rose 0.6 % since the beginning of this week.
US gold futures rose 0.6% to $ 1,961.30.
The dollar index is heading for a weekly decline, which increases the attractiveness of gold to holders of other currencies.
The US Weekly Unemployment Benefits Report showed that about 30 million people were still receiving unemployment benefits at the end of August, revealing the economic losses caused by the Covid-19 pandemic.
And gold has gained nearly 29% since the start of this year, supported by near-zero interest rates around the world and demand for hedging in the face of inflation expectations.
Continuing this trend, the US Federal Reserve pledged on Wednesday to keep interest rates near zero for an extended period.
On Thursday, the Bank of England said it was studying negative interest rates, while the Bank of Japan indicated it was ready to increase the stimulus.
As for other precious metals, silver gained 0.2% to $ 27.16 an ounce, while platinum gained 0.2% to $ 942.06, and palladium gained 0.4% to $ 2,347.21.
