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Gold jumped more than 1 percent on Friday as wrangling overthe U.S. budget and jitters over the outlook for Federal Reservepolicy stoked buying interest, with buying accelerating sharplyon a break of a key chart level. Spot gold was at$1,341.16 an ounce at 1216 GMT, up 1.3 percent. Silver was up 1.5 percent at $21.49 an ounce, tracking gold.
Gold jumped more than 1 percent on Friday as wrangling overthe U.S. budget and jitters over the outlook for Federal Reservepolicy stoked buying interest, with buying accelerating sharplyon a break of a key chart level. Spot gold was at$1,341.16 an ounce at 1216 GMT, up 1.3 percent. Silver was up 1.5 percent at $21.49 an ounce, tracking gold.
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