Gold prices moved higher on Friday, extending gains to a fourth straight session, as the dollar slipped below the 97 mark, and equities turned somewhat flat as investors looked for direction amid a lack of triggers.
The dollar index dropped to 96.95, losing about 0.6%.
Gold prices stayed a bit sluggish till around mid morning, but gained in strength as the session progressed.
Gold futures for February ended up $3.70, or about 0.2%, at $1,518.10, the highest close since September 24.
On Thursday, gold futures for February ended up $9.60, or 0.6%, at 1,514.40, after having gained 1.1% a session earlier.
For the week, gold futures gained 2.5%, the best weekly rise in about four months.
Silver futures for March ended down $0.047 at $17.943 an ounce, while Copper futures for March settled lower by $0.0195 at $2.8295 per pound.
Gold also found support on news Russia might consider a part-investment of its National Wealth Fund in gold.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2149041/
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