Gold Rises, Heading for Weekly Gains

Gold prices rose today, heading for weekly gains, benefiting from weak US economic data that boosted safe-haven demand.

Spot gold advanced 0.3% to $3,361.36 per ounce, gaining 2.3% so far this week. US gold futures rose 0.3% to $3,384.40.

The dollar index is heading for a weekly loss, making gold cheaper for holders of other currencies.

As for other precious metals, spot silver fell 1.2% to $35.71 per ounce, while platinum rose 0.3% to $1,034.34. Palladium was little changed at $1,005.88.