Gold is at its highest level since May 2013
Gold on Friday surpassed the $ 1450 level that is important for the first time since May 2013, after comments by a senior Federal Reserve official boosted expectations of lower interest rates, while the yellow metal received support from fresh tensions in the East Middle.
Spot gold hit $ 1452.60 an ounce in early trade, its highest level since May 10, 2013, before falling 0.3 percent to $ 1442.35 by 0543 GMT.
The precious metal has gained nearly 2 percent since the beginning of this week and is heading towards its second consecutive weekly gain.
Gold in US futures jumped 1.2 percent to $ 1444.70 an ounce. Source