Gold prices rise in support of the euro, but will decline following the fourth consecutive week because of the reduction in investment and consumer demand.

For the week prices may fall by 0.6 percent, and the March gold cheaper by almost 3percent, as investors, encouraged by statistics from the U.S., interested in more risk assets - equities and high-yielding currencies.

Markets rely less on the new stage of quantitative easing in the U.S., which became one of the reasons for the decline in gold prices this month.

The outflow of gold from the funds of ETF on Thursday amounted to nearly a quarter of a million ounces, after which the stock funds fell to month low 70.431 million ounces.

April futures price of gold on COMEX today rose to $ 1666.3 an ounce.