LONDON: Gold prices gained on Wednesday after hitting a one-week low in the previous session, as fears of escalating US-China trade tensions curbed risk appetite and increased the appeal of safe-haven bullion.

Spot gold was up 0.6 per cent at $1,334.80 per ounce as of 1134 GMT, its biggest one-day percentage gain since June 3, after falling as low as $1,319.35 on Tuesday. US gold futures were 0.6% higher at $1,339.7 an ounce.

Meanwhile, gold bulls are also optimistic about an interest rate cut by the US Federal Reserve.

Among other metals, silver climbed 0.6% to $14.79 per ounce, while platinum was up 0.2% at $814.50 per ounce. Palladium was steady at $1,394.25 per ounce, after touching a more than six-week high of $1,400.50 in the previous session.

Published in Dawn, June 13th, 2019