Doha: Gold prices edged higher on Friday, heading toward weekly gains as a weaker US dollar continued to support demand for the precious metal. Spot gold rose 0.2% to $4,180.57 per ounce, extending its weekly advance to about 4.5%. Meanwhile, US gold futures for December delivery fell 0.3% to $4,183.40 per ounce.

According to Qatar News Agency, the US dollar index, which measures the greenback against a basket of major currencies, is on track for its second consecutive weekly decline. This development makes gold more attractive to holders of other currencies and provides added upward momentum for bullion.

Among other precious metals, silver rose 0.6% to $52.64 per ounce in spot trading, while platinum climbed 0.6% to $1,589.80 per ounce and palladium gained 0.6% to $1,435.20 per ounce.