Gold jumped to a seven-week high and silver soared to a 15-month high on Friday, as the dollar remained downbeat after the Bank of Japan surprised markets by standing pat on policy.

The dollar and euro posted their biggest daily losses against the yen in more than five years on Thursday after the BOJ policy decision. The yen set an 18-month high against the dollar on Friday, and the greenback fell 0.4 percent against a basket of major currencies.

Spot gold climbed to as high as $1,280.60 an ounce, its highest since March 11. It pared gains to trade up 0.7 percent at $1,274.41 by 0341 GMT. For the week, the metal is up 3.5 percent in what would be its biggest weekly jump since the week ended Feb 12.

SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.19 percent to 804.14 tonnes on Thursday.  

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