Gold is on the way to record the fourth weekly increase

Gold prices stabilized on Friday and headed for the fourth consecutive weekly increase, in light of the general weakness of the US dollar, which was pressured by the increase in the yield on Treasury bonds, as well as expectations of a US interest rate hike.

And by 0319, gold prices consolidated in spot transactions at $ 1789.81 an ounce, and increased during the week by about one percent.

US gold futures fell 0.2 percent to $1,804.20 an ounce.

And the dollar is about to incur its third consecutive weekly loss, which makes gold less expensive for holders of other currencies.

As for other precious metals, silver fell in spot transactions 0.2 percent to $ 20.34 an ounce. Platinum fell 0.1 percent to $955.16 an ounce. And palladium fell 0.6 percent to $2,262.53 an ounce.