Gold prices are rising globally and heading towards weekly earnings of 4%



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DirectGold prices rose on Friday as they headed for a second straight week of gains of about 4%, in tandem with trade tensions.

At 7:00 GMT, gold futures for December delivery rose 0.3% to $ 1,513.80 an ounce.

The spot price of the yellow metal also rose 0.2% to $ 1503.61 an ounce.

During this period, the main dollar index, which measures the performance of the currency against the six major currencies, remained stable at 97,577.

This week, gold prices rose sharply by USD 60, with global trade tensions and declining stock markets.

US President Donald Trump decided last week to introduce 10% new tariffs on China, which would result in the withdrawal of demand for risky badets in favor of safe badets.

The Dow fell more than 760 points earlier this week, pushing gold prices to extend their gains to the highest level for more than six years.

United States producer price data is expected later in the day.

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