Gold prices rose Friday as frightened traders looked for a safe haven amid stunning losses on Wall Street.
Plunging oil prices and Chinese economic fears dragged US stocks to their worst start to a year in history.
Although gold prices have risen, gains have not been particularly pronounced due to strength in the US dollar.
February gold gained $17.10, or 1.6%, to settle at $1,090.70 an ounce, its highest close since Monday.
Retail sales in the US slipped 0.1 percent in December, according to a report released by the Commerce Department this morning.
The material has been provided by InstaForex Company – www.instaforex.com