Gold Rises but Settles with Weekly Losses

Gold prices rose on Friday, despite the stability shown by the U.S. Dollar (USD), amid increased demand from investors for safe havens.

However, the yellow metal was unable to recover its weekly losses, most of which resulted from the rise of the USD and the high Treasury bond yields.

Gold futures for April delivery gained $7.20, or 0.4%, to close at $1,732.30 per ounce.

For the week, gold’s most active contracts declined by 0.5%.