Gold prices rise

Reuters

Bengaluru

Gold rose on Friday after registering its biggest one-day fall since May 24 in the previous session, supported by a softer dollar and headed for a third straight weekly gain.

On a topsy-turvy Thursday, the safe-haven asset breached the $1,300 level and hit a peak of $1,315.55 an ounce - nearly a two-year high - before turning 1 percent lower following the suspension of campaigning for next week´s "Brexit" referendum in Britain after a member of Parliament was shot dead.

Spot gold was up 0.4 percent at $1,283.90 an ounce at 0355 GMT.  Bullion has risen 0.8 percent for this week so far.

The U.S. gold fell 0.9 percent to $1,287.10. "Brexit concerns will still be the primary driver over the next few days," said INTL FCStone analyst Edward Meir, referring to the June 23 vote by Britain on whether it will leave the 28-member European Union.