Gold gains as haven demand spurred by disappointing U.S. data

Gold advanced on Friday trading session and was set to record its largest weekly gain since last October as demand for safe-have assets rose after U.S. government showed that retail sales in the country dropped last month. Bullion for settlement in February added 0.6% to $1,310.70 an ounce and was last seen at $1,309.18 as of 3:21 p.m. Singapore time.