Spot gold futures prices rose in spot trading on Friday, for the fourth consecutive session, with a slight decline in the US dollar index and continued geopolitical risks between Russia and Ukraine.
Spot gold futures rose by 1 percent in early trading today, to $2,665 per ounce, but it is still down about 2 percent compared to last Friday.
On Thursday, Russian President Vladimir Putin warned of the possibility of targeting "decision-making centers" in Kiev using ballistic missiles, in response to Ukrainian attacks on Russia using Western missiles.
At the same time, the US dollar index fell in morning trading, on its way to recording its first weekly decline in eight weeks.
It becomes less expensive for international buyers to buy gold if the dollar falls.
Despite the weekly decline, gold prices are still up 30 percent since the beginning of this year, supported by the Federal Reserve's move to ease monetary policy.
