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Gold prices rise amid concerns of weak global growth

26 Apr 2019 01:04 PM

Gold prices rose on Friday, as signs of weak global growth echoed investor interest in safe haven metal, with prices heading towards the first weekly gain in five weeks ahead of US GDP data.

Spot gold rose 0.2% to $ 1279.91 an ounce. Gold has gained 0.4% since the beginning of the week and is heading towards the first weekly gain since the week ending March 22.

Gold futures in US futures rose 0.2% to $ 1282 an ounce.

The dollar is near a two-year high on signs the US economy is performing much better than other economies, curbing the metal's precious gains.