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Gold prices rose today, Friday, due to risk aversion in financial markets following media reports of bombings in Iran, which raised fears of a broader regional conflict and increased the attractiveness of gold as a safe haven.
Gold rose in instant transactions 0.3 percent to $2,386.05 per ounce, after it briefly jumped to $2,417.59, hovering near the highest level ever at $2,431.29, which it recorded last Friday. The yellow metal is heading for gains for the fifth week in a row and has increased by about two. percent since the beginning of the week.
US gold futures rose 0.1 percent to $2,401.20.
As for other precious metals, silver rose in spot transactions 0.2 percent to $28.28 per ounce and is on its way to achieving weekly gains.
Platinum rose 0.6 percent to $938.39, while palladium settled at $1,023.09. The two metals are on their way to incurring weekly losses.