Gold Rises For The Fourth Consecutive Session

The yellow metal rose for the fourth consecutive session, supported by the weakness of the dollar, while inflationary pressures boosted demand for the precious metal as a safe haven.

Spot gold rose 0.5% to $1,790.91 an ounce. US gold futures rose 0.6% to $1,792.

The dollar index is heading down for the second week, making gold more attractive to holders of other currencies.

As for other precious metals, silver rose 0.7% to $ 24.30 an ounce, on its way to the fifth consecutive week of gains.

Platinum jumped 0.9% to $ 1,057.91, and palladium fell 0.3% to $ 2011.59.