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.