Gold ticked up on Friday, continuing its gains touched overnight as further hints of eased US labor figures negatively impacted the greenback and treasury yields, which bolstered the yellow metal prices.

Bullion prices were poised to end a two consecutive week dips, while the need for safe havens persisted amid projections that Israel and Hamas will not settle for a truce anytime soon. Demand for safe havens was also fuelled by reports of further trade tarrifs the US was imposing on China.

Spot gold edged up 0.3% to $2,354.06 per ounce, while gold futures climbed 0.9% to $2,360.75 per ounce.

Spot prices were poised to hit over 2% this week, the first bolstering week in three. But were lingered below record peaks touched earlier by the end of April.

Gold soared on Thursday following figures that manifested a stronger than projected raise in weekly US jobless claims. These figures followed the dismal NFP figures for April and buoyed projections that eased labor market will drive fed officials to trim interest rate soon.