Gold futures on the COMEX division of the New York Mercantile Exchange extended gains for a second straight session on Thursday (Friday morning GMT ) , climbed back to its highest close in more than four months .
The most active gold contract for April delivery rose 11.5 U.S. dollars, or 0.86 percent, to close at 1351.8 U.S. dollars per ounce . Statistics show that the most active gold contract is in its highest close since October 28 , Xinhua reported .
Traders are looking for clues about the next step on the U.S. Federal Reserve monetary policy , ahead of monthly U.S. jobs report on Friday , analysts said the market .
In an interview with The Wall Street Journal , New York Fed President William Dudley said the Fed does not need to raise short-term interest rates quickly , because the economy still faces " headwinds " are likely to persist .
In addition , the European Central Bank ( ECB ) maintained its key interest rate unchanged on Thursday and ECB President Mario Draghi continued to reject the threat of deflation , which decreases the possibility of further easing in the short term . That contributed to a boost in the euro , which puts pressure on the U.S. dollar .
The weakening U.S. dollar lure foreign buyers to the precious metals market .
Silver for May delivery rose 30.3 cents, or 1.42 per cent to close at 21.574 dollars per ounce .
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