New Delhi, May 8 -- Precious metals extended their winning run to a fourth straight session on Friday, 8 May, as optimism surrounding a potential US-Iran peace agreement, along with a softer US dollar, kept momentum strong. In addition, the latest stronger-than-expected US jobs report indicated that the world's largest economy remains resilient.

Comex gold jumped $50 per troy ounce to reach the day's high of $4,760 and is on track to end the week with a gain of around 1.5%. Silver futures advanced $2 to hit an intraday high of $82.16 per ounce. The white metal has performed even stronger, rising 5.45% so far this week.

Data showed that US employment increased more than expected in April, while the unemployment rate remained steady at 4....