Gold prices rose as much as 1% against the falling dollar, on Friday, November 16, 2018, after Federal Reserve officials made cautious comments on interest rate expectations, while palladium hit a record high, driven by fears of supply shortages.

Gold jumped to $ 1225.29 an ounce, in its highest level since November 8, before cutting to 0.7% at $ 1221.71 an ounce late in the session.

In its best performance in five weeks, US gold climbed to $ 8, or 0.7%, to settle at $ 1223 an ounce.