Gold recorded its first weekly loss in five weeks despite rising on Friday, owing to a stronger US dollar. The precious metal rose by 1.58 percent on Friday and closed at 5158.7 on March 6, driven by weaker US nonfarm payroll data, which renewed expectations that the US Federal Reserve would cut interest rates.
However, the precious metal fell by 1.7 percent during the week, marking its first weekly loss in more than a month.
Silver also fell significantly, losing 9.63 percent during the week, marking its first weekly loss in four weeks, although it rose by 2.59 percent on Friday and closed at 84.311.
