
Gold prices touched their highest levels in a week on Wednesday with the dollar dropping to a lower price in two weeks while geopolitical factors fuelled demand for metal as a safe haven.
By 0704 GMT, the immediate price of gold was 0.4 percent to 1344.16 dollars (ounce) to continue its gains for the fourth straight session, and earlier prices recorded their highest levels in a week at $1345.35 per ounce.
United States gold futures increased by 0.2 per cent to $1348 per ounce.
Yuichi Ekizo, director of the Tokyo branch of the HSBC bank, said. "Many things happen at the same time--the US-China business War," a possible US attack on Syria may evolve into a standoff between the United States and Russia, which has a very strong impact on the gold markets. "
Silver climbed 0.3 percent to 16.60 dollars for an ounce in online transactions.
Platinum increased 0.7 percent, registering 930.15 dollars for ounce, while palladium fell 0.3 percent to 949.50 dollars.