Gold prices rise as the dollar retreats
20/1/2018 12:00 am
Gold prices rose on Friday, supported by a weaker dollar amid concerns about a possible US government shutdown, but the yellow metal is still on track for the first weekly drop in six weeks.
Spot gold rose 0.4 percent to $ 1,332 an ounce by 0659 GMT. On Thursday, the yellow metal hit its lowest level since January 12 at $ 1323.70 an ounce.
Spot gold fell 0.5 percent since the start of the week, its worst weekly performance since early December.
Gold futures rose 0.4 percent to $ 1,332.
The US currency fell amid concerns over a possible closure of the government as the dollar index fell 0.1 percent to 90.406 on Friday.
Among other precious metals, silver rose 0.5 percent to $ 17.01 an ounce, while platinum rose 0.1 percent to $ 1001.74 an ounce and palladium gained 0.8 percent to $ 1,107 an ounce.[/rtl]