GOLD prices rose on Friday, rebounding from a more than 1% drop in the previous session, as investors bought safe-haven bullion on heightened uncertainty over a widening Middle East conflict.
Spot gold was up 0.8% at $5,117.27 per ounce, as of 0650 GMT. The metal has lost roughly 3% so far this week and is on course to snap a four-week winning streak on fading interest rate-cut prospects and inflation concerns as global energy prices spike.
