Gold prices made their way slightly upward on Thursday on buying after the bullion hit a one-week low and posted its biggest one-day percentage fall in nearly nine months the day before.
Early Friday, spot gold was up 0.2% at $1,327.72 U.S. per ounce after hitting a one-week low of $1,323.20 in the previous session. Prices dropped 1.5% on Wednesday to mark their biggest one-day percentage decline since early last July.
U.S. gold futures for April delivery climbed 0.2% to $1,326.80 U.S. per ounce.
U.S. President Donald Trump's tariffs on Chinese goods may not be imposed until early June, administration officials said on Wednesday, with public consultations and potential tariff revisions buying time for negotiations to forestall them.
But boosts in gold prices were curbed as the U.S dollar held firm, having made its biggest daily gain in more than a half year, bolstered in part by hopes of detente in East Asia.
North Korea's leader Kim Jong Un pledged his commitment to denuclearization and meet U.S. officials, China said on Wednesday after his meeting with President Xi Jinping, who promised China would uphold friendship with its isolated neighbor.
In other precious metals, spot silver gained 0.4% to $16.32 U.S. per ounce.
Platinum rose 0.7% to $938 U.S. per ounce, after hitting a near three-month low of $929.50 per ounce in the previous session.
Palladium climbed for the first time in six sessions,up 0.4% to $969.40 U.S. an ounce. Prices dropped to a near three-week low of $961.65 on Wednesday.
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