Stock Market News

Gold rises ahead Trump-Xi meeting; set to post 6th weekly gain

Gold prices rose on Friday, heading for a sixth weekly gain in a row, as investors await a meeting between US #President Donald Trump and Chinese President Xi Jinping this weekend for any developments on trade.

Spot gold was up 0.6 per cent at $1,418.21 per ounce as of 0115 GMT. Gold prices touched $1,438.63 earlier this week, their highest since May 14, 2013.

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