Gold prices traded higher, supported by a weaker U.S. dollar and ongoing economic and geopolitical uncertainty. Futures rose 0.9% to $3,315.90 a troy ounce and are up nearly 4% for the week.
The dollar index fell 0.6% to 99.55, boosting bullion's appeal to holders of other currencies. Traders focused on the U.S. economic outlook and the Federal Reserve's next policy move, while in Washington, Republicans remained divided over President Trump's tax cut bill.
Meanwhile, geopolitical tensions continued to fuel market uncertainty amid stalled talks to end the war in Ukraine, nuclear negotiations between the U.S. and Iran, and reports that Israel may be preparing an attack on Tehran.(alg)
Source: Dow Jones Newswires
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