Bengaluru — Gold prices advanced on Thursday as demand for the safe-haven metal rose on expectations of an interest rate cut by the US Federal Reserve following soft inflation data, and on escalating trade tensions between the world's top two economies.

Spot gold was up 0.3% at $1,336.45 per ounce, as of 0309 GMT. US gold futures were also 0.3% higher, at $1,340.10 an ounce.

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