Gold prices slightly increased on Friday, going over $1300 per ounce as gloomy economic picture emerged in the US because of the American jobs data, several sources reported. This has weakened the value of the US dollar and slightly boosted the value of gold.


The American gloomy jobs data was combined by weak economic performance by other key international economic players. The German market showed weak manufacturing performance while China had unexpectedly weaker than usual trade data, Kitco reported.


Meanwhile, the European Central Bank projected downgraded growth forecasts on Thursday.


Gold has reached its highest level this year in mid-February. However, its value has dropped since then amid a recovery of the US dollar. Last Tuesday, the gold prices dropped to $1,287.3 an ounce, down from $1,345.75 registered in February. Silver prices dropped as well.