Bengaluru — Gold hit its highest in a year on Friday as the dollar sagged after weaker than expected US jobs data and as festering tension over North Korea stoked safe-haven demand. Spot gold was up 0.3% at $1,353.12 at 4.20am GMT, after earlier marking its strongest level since August last year. It was up 2% for the week, on track for a third weekly gain. US gold futures for December delivery were up 0.6% at $1,358. "Lingering North Korean tensions and a general 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," said Jeffrey Halley, a senior market analyst at Oanda. The dollar index was down 0.5% at 91.204 against a basket of six major currencies on Friday, after earlier touching its lowest since January 2015. The greenback was under pressure as long-dated Treasury yields fell to 10-month lows, with US jobless claims data and worries about the impact of hurricanes Irma and...
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