Gold rises 2% on hopes of slowing interest rate increases

Gold prices jumped more than 2% on Friday, with the dollar falling on data showing a rise in the unemployment rate in the United States in October and raising optimism that the Federal Reserve will be less hawkish in raising interest rates in the future. US employers hired more workers than expected in October, but the rise in the unemployment rate to 3.7 percent indicates a slight softening in labor market conditions.