Gold prices rose almost 2%, hitting a one-week high, on Friday after weaker-than-expected U.S. payrolls data boosted Federal Reserve rate cut expectations and fresh tariff announcements spurred safe-haven demand.

Front-month gold futures resumed their recent slump as the Federal Reserve held interest rates steady as expected and gave little indication of when cuts might occur.

Gold prices recovered sharply after weak US jobs data. It hits an intraday high of $3345 and is currently trading around $3344.75. Withonly73,000 jobs addedmuch below projectionsand representingthe poorestjob