CHICAGO, Nov. 16 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange closed higher on Friday for a third consecutive session, with technical buying on geopolitical turmoil and weakened U.S. dollar helping to underpin gains.
Gold futures found a safe haven-related lift from geopolitical worries surrounding Britain's planned exit from the European Union.
The most active gold contract for December delivery hiked 8 U.S. dollars, or 0.66 percent, to close at 1,223 dollars per ounce.
Meanwhile, the U.S. dollar index, which measures the buck against six rivals, dropped 0.64 percent to 96.51 as of 1830 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery added 11.9 cents, or 0.83 percent, to settle at 14.382 dollars per ounce. Platinum for 2019 rose 1.3 dollars, or 0.15 percent, to close at 846.6 dollars per ounce.
