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BANGALORE: Gold prices rose on Wednesday as the dollar stabilized on the eve of a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker, to discuss issues related to trade. Gold spot prices rose 0.2% to $ 1226.19 an ounce at 0719 GMT. Gold futures for August delivery rose 0.1% to $ 1226.20 an ounce.
The dollar and the euro changed little on Wednesday before the meeting of Trump and Junker.
The meeting comes after the US imposed tariffs on steel and aluminum imports from the European Union in June, while Trump threatened to extend the procedure to cars and components of European cars.
Investors are also eyeing data on US economic growth for the second quarter of the year, which should be released on Friday, hoping that growth will surpass the current peak of 4.1%.
Among other precious metals, spot silver rose 0.1% to $ 15.46 an ounce, while palladium rose 0.4% to $ 918.17. ;ounce.
The mourners hit their highest level in a week on Tuesday.
Platinum rose 0.5 percent to $ 832.65 an ounce. The metal hit a two – week high of $ 845.90 an ounce during the previous session.
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