Gold prices rise 4th week in row

New York (Oct 27)  Gold prices rose on Friday, as demand on safe havens increased amidst huge losses in stock markets and a mixed performance by the US dollar.

The precious metal futures for December delivery rose by 0.3% or $3.40, and settled at the level of $1,235.80 per ounce.

Gold is up 0.6% for the week, recording its fourth consecutive weekly gains, as well as monthly increase of more than 3% in October.

Mubasher