09:23 AM EDT, 04/08/2024 (MT Newswires) -- Gold edged up from a record close on Friday as the dollar was steady while treasury yields continued to push higher following last week's robust US jobs report as buying momentum continues.

Gold for June delivery was last seen up US$5.50 to US$2,350.90 per ounce.

The rise comes as geopolitical concerns continue to offer support for the metal, though Israel's withdrawal of troops from southern Gaza eased tensions even as Iran threatened to retaliate against Israeli embassies after last week's attacks on its embassy in Syria that killed senior members of Iran's military.

"Gold's continued focus on momentum and FOMO (fear of missing out) saw it reach a fresh record above $2350 overnight before trading lower as the MidEast risk premium eased," Saxo Bank noted.

The dollar weakened, making the metal more affordable for international buyers. The ICE dollar index was last seen down 0.04 points to 104.26.

Still, treasury yields pushed higher again after Friday's US employment report which showed a rise of 303,000 new jobs, more than 50% above expectations, clouding the outlook for interest-rate cuts from the Federal Reserve. The US two-year note was last seen paying 4.786%, up 2.7 basis points, while the yield on the 10-year note was up 3.5 basis points to 4.441%, the highest since late November.