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Gold up 1.2% for the week

Gold up 1.2% for the week

Mubasher: Gold prices rose on Friday for the third consecutive session, further increasing its weekly gains.

Geopolitical risks and a mixed performance by equity markets helped the precious metal as a safe haven.

Gold futures for December delivery increased by $8, or 0.7%, to settle at the level of $1,223 per ounce.

The yellow metal closed Friday’s trading with a weekly rise of 1.2%.