Spot gold spiked more than $40 to $5,112 per ounce on March 6 following disappointing U.S. nonfarm employment figures, while silver gained and the Dollar Index weakened.
Spot gold surged by over $40 to $5,112 per ounce on March 6, following weaker-than-expected U.S. nonfarm employment data, indicating slowing economic momentum and boosting safe-haven demand. Silver also climbed $1.6 to $83.85 per ounce, while the U.S. Dollar Index fell more than 20 points to 99.14.