Gold prices rose today as the demand for safe harbor assets outpaced the impact of a liquidity stampede, in light of concerns about the economic damage caused by the Corona virus, to compensate the yellow metal for some of the losses suffered during this week.
And the profit of gold in the spot transactions two percent to $ 1499.92 an ounce by 0640 GMT after it fell one percent in the previous session and is heading towards a decrease in the week. And rose gold in US futures 0.6 percent to 1487.90 dollars.
"It is definitely a hedge purchase for risk ... What can you buy to hedge the risk of the weekend? You can have either liquidity or precious metals, that's all," said Jeffrey Haley, chief market analyst at Oanda.
For other precious metals, palladium rose 3 percent to $ 1701.53 an ounce by 0648 GMT.
Platinum jumped 4.6 percent to $ 613.54, but is on track for the biggest weekly drop ever.
Analysts say that platinum and palladium will continue to record turmoil in the coming months after huge losses sparked by the outbreak of the Corona virus, before embarking on a temporary recovery supported by a supply gap in the palladium and the link of platinum to gold.
And silver won in the immediate transactions five percent to $ 12.72 by 0638 GMT, but it is heading towards recording the second weekly decrease of about 15 percent since September 2011.