New Delhi, July 3 -- Gold and silver prices extended their recovery rally on Friday, 3 July, as fears of an imminent interest rate hike by the US Federal Reserve eased following a softer-than-expected US jobs report. The weaker data also tempered the rally in the dollar, making dollar-denominated commodities more attractive to holders of other currencies.

Comex gold futures climbed $83 per troy ounce to an intraday high of $4,208 and were on track for a second consecutive weekly gain. Silver futures advanced $2.35 per troy ounce to $63.50.

Data released on Thursday showed that US hiring slowed sharply in June, suggesting the labour market continues to face challenges despite signs of resilience in recent months.

The US economy added ju...