Gold glitters as dollar takes a tumble

WASHINGTON DC - Gold hit a three-week high on Friday, gaining 1 per cent after a dismal US nonfarm payrolls report increased the metal's safe-haven investment appeal amid worries of a slower economic recovery.

A flurry of disappointing economic indicators last week including consumer spending, housing and retail sales data powered gold to its biggest gain in the last 7 weeks.

Bullion's two-percent rise last week also snapped its three-week losing streak.