Gold is heading for a weekly loss incurred with falling demand for safe havens

Gold is heading for a weekly loss incurred with falling demand for safe havens 

Gold cohesion on Friday after falling for three days, but he is heading for the first weekly losses incurred in three weeks with the rise of the dollar and global stock which limited demand for the metal as a safe haven.

The yellow metal jumped to its highest level in three weeks on Tuesday, but gave up those gains with a rise in global stocks to their highest level since late December on Thursday, supported by the strong Chinese economic data and the rise in oil prices earlier this week.

Asian stocks fell and the dollar on Friday, but they still give rise to on their way to achieving weekly gains.

The increased price of gold in the spot transactions 0.3 percent to $ 1230.30 the ounce by 0646 GMT, after coming off 1.3 percent in the previous session. The metal lost nearly one percent since the beginning of the week.

Among other precious metals silver tend to go up five percent over the week registered the biggest weekly gains in six weeks. The silver reached the highest level since October earlier this week before they give up some of their gains.

And platinum is heading for a third weekly gain in a row, while palladium is heading to record its best weekly performance in six weeks, gaining 4.5 percent.

By 0646 GMT, silver rose 0.2 percent to $ 16.18 an ounce, while platinum fell 0.2 percent to $ 986.5 an ounce and palladium fell 0.2 percent to $ 560.75 an ounce.