After falling for three consecutive sessions due to a full dollar, the price of gold rose on Friday. But heightened optimism around a deal on the US debt limit has led to a weekly fall in the gold price.

At 08:56 GMT, spot gold was up 0.4% to $1,964.85 per ounce, after reaching its lowest level on Thursday since the beginning of April. U.S. gold futures rose 0.5% to $1,969.00. According to Han Tan, chief market analyst, Exinity, “gold was dragged below the psychologically important level of $2,000 this week due to optimism surrounding a US debt deal

Cash rose 0.9% to $23.71 per ounce, platinum gained 0.7% to $1,055.90, and palladium soared 1.3% to $1,472.00.