Gold down nearly 3 in Nov, worth month since Sept 2023
Silver, platinum and palladium also down in Nov so far
Russia hits Ukrainian energy facilities

Nov 29 Reuters Gold prices rose on Friday, helped by a slight dip in the U.S. dollar and growing geopolitical tension, but remained on track for its biggest monthly decline in more than a year after Donald Trump39;s U.S. election victory.

Spot gold rose 0.8 to 2,662.78 per ounce, as of 0556 GMT, while U.S. gold futures gained 0.9 to 2,662.20.

The Israeli military said its air force struck a facility used by Hezbollah to store midrange rockets in southern Lebanon on Thursday amid mutual ceasefire breach accusations.

Additionally, Russia unleashed its second big attack on Ukraine39;s energy infrastructure this month on Thursday, triggering deep power cuts across the country.

The escalating geopolitical tensions are making investors flock to gold in the hopes of capitalising on the potential price increases, said Brian Lan, managing director at Singaporebased dealer GoldSilver Central.

Bullion is traditionally seen as a safe investment during economic and geopolitical uncertainties, such as conventional or trade wars.

The slight weakening of the dollar has helped gold prices to gain, Lan said.

The dollar index eased 0.2, boosting gold39;s appeal for holders of other currencies.

Despite the gain on the day, gold is set for a weekly fall after a sharp selloff earlier in the week.

Prices have slid about 3 this…