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.

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