Gold is rising with the dollar falling, but it is recording its first weekly loss in 6 weeks

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Gold prices rose slightly on Friday as the dollar stayed near a three-year low against a basket of currencies amid concerns about a possible US government shutdown, but the yellow metal hit its first weekly drop in six weeks.

Spot gold rose 0.5 percent to $ 1333.81 an ounce late in the US session, ending the week down 0.3 percent after falling from a four-month high on Monday.

US crude for February delivery rose 0.4 percent to $ 1333.10 an ounce.

Among other precious metals, silver rose 0.8 percent to $ 17.06 an ounce, while palladium rose 0.55 percent to $ 1104.80 an ounce. But both metals recorded their first weekly drop in six weeks.

Platinum rose 1.34 percent to $ 1013.80 an ounce after peaking at $ 1015.20, its highest level since September, and a sixth week of gains.