The future of the precious metal in the United States for April delivery were $ 5.50, so they closed at U.S. $ 1.336 an ounce. Spot gold rose 0.5% to U.S. $ 1,334.76 an ounce.

Gold rose on bargain hunting, but the market posted its biggest weekly decline since November after the last signs of the U.S. Federal Reserve that interest rates could rise in the first half, 2015.

However, gold’s gains on Friday were limited because the market was affected by a low 2% recorded on Wednesday, when the chairman of the Fed , Janet Yellen said the central bank would end its program bond purchases this fall and could start raising interest rates six months later.

Spot gold rose 0.5% to $ 1,334.76 an ounce, after falling to $ 1,320.24 on Thursday, its lowest price since late February. Gold futures for delivery in the United States in April totaled U.S. $ 5.50 to U.S. $ 1.336 an ounce.

gold-rose

Gold briefly hit a six month high of $ 1391.76 on Monday due to tensions in Ukraine and growth concerns in China. But after investors took profits because his focus shifted towards monetary policy of the United States.

Since then, the ingot has been pressed after Russian President Vladimir Putin signed legislation completing the annexation of Crimea, although he said he does not plan to invade other parts of Ukraine. For the week, gold fell about 3.5%.

Technical Analysis of the behavior of gold futures rise after they have recorded in the past three months suggests that prices could rise even more this year after the Federal Reserve maintained reduction of monetary stimulus, analysts said.

Among other precious metals, palladium rose as much as 4.5% to $ 797 an ounce, the highest price since August 2011, helped by the continued strikes in mines in South Africa and on worries that the conflict between Russia and the West over Ukraine may worsen. Meanwhile, silver rose 0.3% to U.S. $ 20.29 an ounce and platinum rose 0.1% to $ 1427.70 an ounce.