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Metals Stocks: Gold jumps to 5-month highs as Syria, weak U.S. jobs report trigger haven buying

Haven flows sent gold futures to five-month highs Friday, with a much weaker-than-expected March jobs report helping the yellow metal extend gains after an initial surge following U.S. airstrikes on Syria.

Gold for June delivery GCM7, +0.93% rose $17, or 1.4%, to $1,270.30 an ounce, while July SIN7, +0.62% rose 20.4 cents, or 1.1%, to $18.45 an ounce.

Nearly 60 Tomahawk cruise missiles were launched against a Syrian air base at dawn local time Friday by the U.S. Navy on Trump’s orders. Al Masdar News, which backs the Syrian government, said the attacks caused heavy damage to the Shayrat air base and multiple casualties.

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