Gold prices rose on Friday, reversing earlier losses as the Catalonian parliament’s declaration of independence bolstered safe-haven demand for the precious metal.
Catalonia’s parliament on Friday declared independence from Spain, adding to fears over instability in the European Union. The moves prompted Spain’s prime minister to sack the Catalan government and call elections next month.

Gold is often used as a safe haven in times of geopolitical and economic uncertainty, while riskier assets such as equities are generally sold off.

Gold’s gains were held in check as the U.S. dollar continued to trade near three-month highs against a currency basket.
Gold has a bullish trend which has started in December 2016 from 1.125 USD and we can not talk about a ” trend reversal” as long as the price holds above 1.227 USD ( EMA 200 of Weekly Chart )



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