Gold gains for third week

Gold prices ticked up on Friday and were on course for a third consecutive weekly rise as the global banking crisis sent investors flocking to the safe-haven metal.

Spot gold XAU= was up 0.1% at $1,920.19 per ounce, as of 0033 GMT. U.S. gold futures GCv1 rose 0.1% to $1,925.50.

Bullion is set to rise about 2.8% this week so far.

Large U.S. banks injected $30 billion in deposits into First Republic Bank FRC.N on Thursday, swooping in o rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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