LONDON: Gold rose more than 1 per cent on Thursday as the dollar retreated and Wall Street paused its recent rally as dismal US trade data overshadowed slightly upbeat labor market numbers and optimism about an economic rebound.

Spot gold was up 1.1pc to $1,716.60 per ounce at 12:38 pm EDT (1638 GMT). US gold futures rose 1.1pc to $1,723.20.

Published in Dawn, June 5th, 2020