Gold records the best weekly performance in 3 years

Gold prices remained steady on Friday, ending their best week in more than three years with nearly $ 1,500 an ounce supported by easing monetary policies from major central banks, rising trade tensions between the United States and the negative returns of government bonds in the world.

According to Reuters, the spot gold price at the end of late trading in the US market stood at $ 1497.20 an ounce, down 0.2% after crossing over early this week the $ 1,500 barrier for the first time since April 2013.

Futures on US gold fell 0.1% to settle at $ 1508.50 an ounce.

The yellow metal finished the week on gains of more than 4%, the largest since April 2016, bringing its gains since the beginning of the year to about 17% with a $ 100 rise last week.

Precious metal funds received the fourth-largest fund entry of the week until Wednesday, Bank of America Merrill Lynch said Friday.

Among the other precious metals, silver rose 0.3% to $ 16.95 an ounce, ending the week with gains of about 5%.

Platinum settled about 860 dollars an ounce, while palladium rose 0.3% to 1425.11 dollars an ounce.