Bengaluru — Gold prices rose on Friday and were on track to post a weekly gain, consolidating above $1,400/oz as renewed Sino-US trade tensions amid global growth jitters and prospects of an interest rate cut by the US Federal Reserve stoked safe-haven demand.

Spot gold was up 0.3% at $1,407.69/oz as of 4.26am GMT. Gold has risen nearly 0.6% so far this week.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now