This Friday, gold prices rose but remained on a downward trend for the week. At the same time, platinum rose to its highest level in nearly 11 years

At 08:34 GMT, spot gold gained 0.3% to $3,349.49 per ounce, after falling 1.1% in the previous session. Over the week, the precious metal fell by 0.2%.

US gold futures fell by 0.3% to $3,354.70.

The yellow metal is considered a safe haven in times of uncertainty and generally benefits from a low interest rate environment. According to Adrian Ash, Head of Research at BullionVault, “In the short term, gold may struggle without a new specific political shock, but its underlying upward trend remains intact, supported by central bank purchases and, increasingly, by real demand for

In addition, spot platinum rose 1% to $1,472.20 per ounce, its highest level since August 2014. Palladium rose 1.4% to $1,297.78, a high since August 2023. Silver held steady at $38.12