LONDON: Gold rose on Friday and was set to end the week slightly higher as the sudden sacking of the FBI head in the United States stoked investor concerns and boosted demand for bullion, even as the dollar headed for its strongest week this year.

Spot gold was up 0.4 per cent at $1,227.21 per ounce by 1204 GMT. Gold rose 0.5pc in the previous session, its biggest one-day gain in a month.

US gold futures added 0.3pc to $1,227.90 an ounce. Among other precious metals, silver rose 0.6pc to $16.36, set for its first weekly rise in four.

Platinum inched 0.2pc higher to $915.74, while palladium rose 0.3pc to $804.50.-Reuters