Gold prices rose on Friday and were poised for a fifth straight weekly gain as investors flocked towards the safe-haven asset as the escalating tensions between Iran and Israel fuelled fears of a wider regional conflict. Spot gold was up 0.3% at $2,385.22 per ounce, as of 0902 GMT, after hitting the session’s high of $2,417.59. Prices hit an all-time high of $2,431.29 last week.