The price of gold was up on Friday, marking a four-week run-up of the precious metal. According to a report from Market Watch, many investors are looking for a relatively stable asset to shield them from a decline in stock markets around the globe.

“Safe-haven gold is again acting as a hedge and safe-haven asset, exactly when investors need one,” said GoldCore’s director of research, Mark O’Byrne, while speaking to Market Watch.

By Friday, spot gold was selling for $1,234.29 per ounce, and gold futures were trading at $1,236.5 per ounce, according to a report from CNBC.

“We continue to see money flows out of riskier equity markets into safe-haven asset classes,” said High Ridge Futures’ metals trading director, David Merger, while speaking to Reuters. “That is one of the main drivers of this (gold) market.”

Gold wasn’t the only precious metal that saw value increases this week. According to CNBC, palladium, platinum, and silver, all rose as well. Platinum had the most significant gains at close to half a percent, and is now selling for $831.50 per ounce.

However, many experts agree that palladium is likely to increase in the near future. According to a report from Reuters, the metal is currently almost as valuable as gold, trading at $1,150.50 per ounce. Over the past two months, the metal has seen a 35 percent increase in value, out performing the rest of the precious metals.

“News out of China in the last few days has helped all the industrial metals and that flows through into palladium, which is the most industrial metal of the precious metals complex,” said Robin Bhar, an analyst for Societe Generale while speaking to Reuters.

While gold investors celebrated, the greenback fell from a two month high. According to Reuters, the US Dollar was steady throughout the week thanks in large part to the glowing gross domestic product (GDP) gains in the third quarter.

However, by Friday, the dollar was down, with many experts citing unsteady geopolitics, upcoming sanctions, the trade war with China, and interest rates as possible triggers for timid investors. According to Reuters, the dollar dropped by more than half a percent against several other major currencies, and by more than .7 percent against the Euro.

“People are still worried about the U.S. earnings season,” said the Macquarie Group’s global interest rates and currencies strategist, Thierry Wizmaan, while speaking to Reuters.

The Japanese yen and the Swiss Franc, considered by some to be another “safe-haven” currency, each initially gained on Friday but finished down.

The greenback’s fall has some concerned that fears about tariffs and possible economic ramifications from the trade war with Beijing could spoil all the goodwill gained from the positive GDP report. According to Reuters, many experts expected the US economy to slow more radically than it did in the third quarter. Much of that estimate was pinned on soybean, as some predicted export tariffs on the crop to cut production. However, other exports increased enough to offset any damage.

Consumer spending in the US also hit a four year high in the third quarter, reaching four percent. Experts expect a mediocre performance in the fourth quarter, thanks in large part to the stock market’s decline.

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