The price of gold rose on Friday for a fourth straight session and hitting its highest level in two weeks due to weak equity markets , which encouraged investors to buy the yellow metal as a safe haven .
Gold and enjoys the support of a strong demand from the spot market in China is expected to record the best weekly performance since October .
The rise in gold after losing almost 30 percent in 2013 , which put an end to the 12 -year-old continued to rise because of the U.S. central bank plans to withdraw monetary stimulus .
Analysts have warned that the driving force for gold in the first days of the new year will not last long and is likely to record a decline another metal in 2014 .
Gold rose in online transactions 0.85 percent to 1234.90 dollars an ounce by 0708 GMT, time and had recorded of $ 1238.70 earlier , the highest price since Dec. 18 . Gold climbed 1.6 percent on Thursday .
Silver was trading near its highest level in two weeks also after rising 3.5 percent in the previous session .
Silver rose 0.55 percent to 20.11 dollars an ounce and platinum rose 0.36 percent to 1405.5 dollars an ounce and palladium rose 0.27 percent to 728.22 dollars an ounce
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