Gold prices rise, head for best weekly gain in a month

old futures headed higher Friday morning for a second straight day, putting bullion on track for the sharpest weekly rise in about a month.

The precious metal was benefiting from benchmark bond yields receding, weakness in the U.S. dollar DXY, -0.19%, and a pullback in bitcoin BTCUSD, -3.08%, one of the assets seen competing against safe haven gold.

June gold GCM21, 0.80% GC00, 0.80% was trading $13.20, or 0.7%, higher at $1,779.70 an ounce on Comex, following a 1.8% gain on Thursday.