Gold rises on weaker dollar, heads for first weekly gain in four
Updated : September 21, 2018 01:36 PM IST
Spot gold was up 0.3 percent at $1,210.68 by 0712 GMT, after touching its highest since Sept. 13 at $1,211.02. It has risen 1.3 percent so far this week.
New US and Chinese tariffs on each other's goods were set at lower rates this week than previously expected, raising hopes that hostilities between the world's two largest economies may be easing.
Gold has declined over 11 percent from a peak in April, hurt by the intensifying US-China trade dispute and on rising US interest rates.
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