Gold rises after falling on Fed stimulus cuts

Gold increased on Friday rising from the weakest level in three years reducing its weekly decline after the U.S. Federal Reserve announce it cuts its stimulus by $10 billion a month as the nation's economy improved. Bullion for February delivery added 0.2% to $1,195.70 an ounce as of 7:13 a.m. on the New York's Comex and it has dropped 3.2% this week.