Gold rises on safe-haven demand

Gold prices rose slightly on Friday, after gaining 1% in the previous session, supported by safe-haven demand, with focus on the Federal Reserve’s future interest rate decisions and proposed trade tariffs by US President-elect Donald Trump.

Spot gold was up 0.1% at $2,660.25 an ounce by 00:18 GMT, hovering around a more than two-week low hit on Thursday.

Gold has risen about 1.5% so far this week. US gold futures gained 0.2% to $2,673.90 an ounce, according to Reuters.