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Metals Stocks: Gold blasts higher as investors seek shelter from geopolitical tensions

Gold prices shot higher on Friday, setting up for a four-session win streak, as investors sought out the haven metal amid rising tensions in the Middle East and Hong Kong.

Rising expectations for a summer interest rate cut from the Federal Reserve, with important retail sales data due later, was also supporting the metal.

Gold for August delivery GCQ19, +1.08% climbed $15.90, or 1.2%, to $1,359.50 an ounce, after a gain of 0.5% on Thursday. July silver SIN19, +0.99% which serves as both a haven asset and has industrial purpose, gained 14 cents, or 1%, to $15.035 an ounce.

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