Gold rises on slower Fed rate hike expectations

CHICAGO, Jan. 20 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as the Federal Reserve is expected to slow its rate hikes.

The most active gold contract for February delivery rose 4.3 U.S. dollars, or 0.22 percent, to close at 1,928.2 dollars per ounce.

Gold rose 0.3 percent for the week, the fifth weekly climb in a row, and the longest weekly gain since