Gold pares weekly losses after weaker dollar brings relief

Bullion got a reprieve Friday as the dollar halted its rally, although the metal remains poised for a back-to-back weekly loss. Gold headed for its biggest daily gain since March 3 and silver earlier jumped the most since 2014. Precious metals are rebounding after days of relentless selling by investors seeking liquidity to navigate the extreme volatility shaking global markets. Stocks and bonds also climbed as investors assess expanding measures defend economies against the coronavirus fallout.