Gold prices hit their highest level in nearly two months on Friday and are headed for a week of gains as investors targeted defensive assets after Israel's strike on Iran heightened tensions in the Middle East.U.S. gold futures added 1.4 percent, rising to $3,448.70 an ounce.Additional pressure on the dollar relative to gold also comes from expectations of a 55 basis point U.S. Federal Reserve rate cut by the end of the year, starting in September rather than October as previously thought.From a technical perspective, gold remains in the area of co