Gold dips as trade hopes fan risk appetite


BENGALURU: Gold prices edged lower on Friday as improved risk appetite amid signs of a thaw in the long-drawn U.S.-China trade tiff drew investors away from the safe-haven metal, while palladium retreated slightly from a record peak hit in the previous session.

Spot gold fell 0.1% to $1,496.81 per ounce as of 0313 GMT, declining about 0.6% this week in what could be its third straight weekly drop.

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