Gold rises on slower interest rate hike expectations

CHICAGO, Jan. 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as traders expect slower interest rate hikes from the Federal Reserve.

The most active gold contract for February delivery rose 22.9 U.S. dollars, or 1.21 percent, to close at 1,921.7 dollars per ounce.

Gold closed above 1,900 dollars Friday for the first time since late April, and ended the