Gold is heading for its eighth weekly rise, benefiting from increased demand

Gold prices rose today, Friday, and are heading towards achieving their eighth weekly gain in a row, benefiting from the demand for safe havens amid the continuing geopolitical and economic uncertainty in addition to expectations of a reduction by the Federal Reserve (the US central bank) Interest rates.

Gold rose in For goldDecember delivery rose by (0.5%), recording ($3,992.40).
As for other precious metals, silver rose in spot transactions (1.2%) to $49.70 per ounce, platinum rose (0.4%) to ($1,625.30), while palladium increased (1%), recording $1,426.

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