Gold prices rise amid ongoing concerns over China-US trade war

Gold prices rose slightly on Thursday, hovering near the all-time high it hit in the previous session, after concerns over an escalating tariff war between China and the United States boosted demand for safe havens.

At the same time, investors are awaiting jobs data for clues on the strength of the world’s largest economy.

Spot gold rose 0.1% to $2,867.79 an ounce. It hit an all-time high of $2,882.16 in the previous session.

US gold futures fell 0.2% to $2,887.10.

As for other precious metals, spot silver rose 0.1% to $32.35 an ounce, platinum gained 0.2% to $981.81, and palladium rose 0.1% to $990.66.

U.S. gold futures fell 0.2% to $2,887.10. Among other precious metals, spot silver rose 0.1% to $32.35 an ounce, platinum gained 0.2% to $981.81 and palladium rose 0.1% to $990.66.