Washington _ Agencies
Gold prices rose Wednesday in line with the stock movement amid a decline in the US dollar and a lack of market concern over the latest escalation of the trade war between China and the United States.
By 0656 GMT, the spot price of gold was high at 0.4 percent to 1202.32 dollars an ounce.
The prices of US gold futures rose 0.3 percent to 1207 dollars per ounce.
The United States and China slid further into their trade dispute after Beijing added 60 billion US dollars worth of U.S. products to its import duty list in response to US president Donald Trump´s plans to impose on Chinese goods worth 200 billion dollars.
"The US decision to charge 10 percent--instead of 25 percent (as expected)--encouraged investors in that there might be hope for a business settlement in the future," said John Sharma, an economist at the National Bank of Australia.
Oil prices have dropped by about 12 percent since April April affected by the intensification of the US-China trade dispute and higher interest rates in the United States.
The price of silver rose 0.4 percent in instant transactions to 14.18 dollars an ounce.
Platinum climbed 0.6 percent to 814.49 dollars after scoring its highest level since Aug. 13 August at 820.20 dollars earlier in the session.
Palladium offers 0.2 percent to 1011.75 dollars after having scored its strongest price since June 14 June at 1015.50 dollars an ounce.
