Gold prices rose sharply against the backdrop of a weakening dollar after the data on unemployment in the United States.

The number of Americans who first filled the form to receive unemployment benefitsrose last week, becoming a witness a slowdown in the employment market recovery.The primary application for unemployment benefits last week of April 7, increased by 13 thousand to 380 thousand, reaching maximum values ​​from 28 January, as reported today, the Ministry of Labor in Washington. Economists had expected the figure will be355 thousand

In addition, experts in the near future, expect growth in demand for physical metal,including after the jewelers in India completed the strike, which lasted three weeks.

At the same time, investments in gold-backed ETF-funds reached a record high of almost 70.3 million ounces.

May futures on the COMEX for gold today rose to $ 1675.0 an ounce.