Gold tumbles, heading for weekly decline.

Gold slipped on Friday to its lowest in more than a week and headed for its first weekly decline in five, as equities and the US dollar got a lift from investors taking on more risk due to growing hopes for a resolution in the China-US trade war.

Spot gold was down 0.6 percent to $1,283.19 per ounce at 1:42 p.m. ET (1842 GMT) having hit its lowest since Jan. 9 at $1,280.85. U.S. gold futures settled down 0.8 percent at $1,282.60.

Elsewhere, autocatalyst metal palladium slipped 1.5 percent to $1,375...