Gold prices rose in Asian markets on Friday, as tensions over the US economy increased after the US Federal Reserve said it would cut interest rates in December. This week, gold easily surpassed the key $4,000 an ounce mark, marking its first weekly gain in four years.
Other precious metals have also risen in price.
Spot gold is up about 5% this week. The government is expected to start releasing official economic data again in the next few weeks, as the 43-day shutdown ends.
