Gold up on day; adds $32 on week

Gold prices were up for the fourth day in a row in New York on Friday.

February gold added $4.10 to $897.70 per troy ounce after going as high as $900.10 per troy ounce during the morning session.

The metal, which was up on a weaker dollar and the chances that the US Federal Reserve will cut interest rates when it meets later in the month, saw a gain of $32 over the week.

Other precious metals also saw gains as March silver was 10 cents higher to $16.38 per troy ounce while April platinum advanced to $1,568.20 per troy ounce and March platinum gained just over 2 cents to $381.30 per troy ounce.

Meanwhile, copper was trading up 2 cents to $3.30 per pound about half an hour before the close of floor trade on the Comex division of the New York Mercantile Exchange.