<p>Gold prices rose on Friday as an increasingly deteriorating security situation in Afghanistan spurred safe-haven demand, though investors were largely focused on Fed chief Jerome Powell's speech for guidance on stimulus tapering plans.</p>.<p class="bodytext">Spot gold gained 0.3% to $1,798.22 per ounce by 0341 GMT, and was up about 1% for the week. U.S. gold futures rose 0.4% to $1,801.30.</p>.<p class="bodytext">"Safe-haven buying has come from rising geopolitical tensions in Afghanistan. There are some concerns about further escalation there," said ANZ analyst Daniel Hynes.</p>.<p class="bodytext">Islamic State struck the crowded gates of Kabul airport in a suicide bomb attack on Thursday, killing scores of civilians and at least 13 U.S. troops.</p>.<p class="bodytext">Investors now await Powell's remarks at the Jackson Hole, Wyoming, symposium at 1400 GMT for any hints about when the Fed will begin tapering its asset purchasing programme.</p>.<p class="bodytext">"What we are looking for here is not a policy change... The Fed will set the stage for a tapering announcement perhaps next month," said DailyFX currency strategist Ilya Spivak.</p>.<p class="bodytext">"Gold stands to be the most vulnerable, the dollar stands to benefit the most... critical support for gold is around $1,750. If that gets taken out, I can see it testing $1,700."</p>.<p class="bodytext">On Thursday, Fed's hawkish policymakers urged the central bank to begin paring bond purchases they feel have become ineffective.</p>.<p class="bodytext">St. Louis Fed president James Bullard, along with Kansas City Fed president Esther George and Dallas Fed president Robert Kaplan, also downplayed the impact of the Delta variant.</p>.<p class="bodytext">The hawkish comments helped the dollar index bounce off a one-week low marked in the previous session.</p>.<p class="bodytext">Elsewhere, silver rose 0.3% to $23.60 per ounce, and was headed for its biggest weekly gain since May.</p>.<p class="bodytext">Platinum climbed 0.6% to $985.24 but was down about 1% for the week.</p>.<p class="bodytext">Palladium advanced 0.6% to $2,405.83 and was headed for it best weekly performance since late June with a rise of 5.8%.</p>
<p>Gold prices rose on Friday as an increasingly deteriorating security situation in Afghanistan spurred safe-haven demand, though investors were largely focused on Fed chief Jerome Powell's speech for guidance on stimulus tapering plans.</p>.<p class="bodytext">Spot gold gained 0.3% to $1,798.22 per ounce by 0341 GMT, and was up about 1% for the week. U.S. gold futures rose 0.4% to $1,801.30.</p>.<p class="bodytext">"Safe-haven buying has come from rising geopolitical tensions in Afghanistan. There are some concerns about further escalation there," said ANZ analyst Daniel Hynes.</p>.<p class="bodytext">Islamic State struck the crowded gates of Kabul airport in a suicide bomb attack on Thursday, killing scores of civilians and at least 13 U.S. troops.</p>.<p class="bodytext">Investors now await Powell's remarks at the Jackson Hole, Wyoming, symposium at 1400 GMT for any hints about when the Fed will begin tapering its asset purchasing programme.</p>.<p class="bodytext">"What we are looking for here is not a policy change... The Fed will set the stage for a tapering announcement perhaps next month," said DailyFX currency strategist Ilya Spivak.</p>.<p class="bodytext">"Gold stands to be the most vulnerable, the dollar stands to benefit the most... critical support for gold is around $1,750. If that gets taken out, I can see it testing $1,700."</p>.<p class="bodytext">On Thursday, Fed's hawkish policymakers urged the central bank to begin paring bond purchases they feel have become ineffective.</p>.<p class="bodytext">St. Louis Fed president James Bullard, along with Kansas City Fed president Esther George and Dallas Fed president Robert Kaplan, also downplayed the impact of the Delta variant.</p>.<p class="bodytext">The hawkish comments helped the dollar index bounce off a one-week low marked in the previous session.</p>.<p class="bodytext">Elsewhere, silver rose 0.3% to $23.60 per ounce, and was headed for its biggest weekly gain since May.</p>.<p class="bodytext">Platinum climbed 0.6% to $985.24 but was down about 1% for the week.</p>.<p class="bodytext">Palladium advanced 0.6% to $2,405.83 and was headed for it best weekly performance since late June with a rise of 5.8%.</p>