Mubasher: Gold prices rose on Friday, supported by the mixed performance of the dollar, but recorded its fourth consecutive weekly decline.

The yellow metal is down 0.8% for the week, as the United States Federal Reserve assured its commitment to gradually raise interest rates in the upcoming period.

Gold futures for December delivery rose 0.2% to settle at $1,223.20 per ounce.

On the other hand, spot gold fell 0.6% near the end of Friday’s session, to $1,215.46 per ounce, nearing its lowest level since July 2017.