Gulf In Focus - Gulf States: Economics and Finance - Gold prices rise on course for best month in 3-years.
Gold prices jumped on Friday, heading for their best month in three-years, as uncertainty loomed over whether highly anticipated trade talks between China and the United States would yield any progress in ending a year-long trade dispute.
In Dubai, 22k gold is priced at Dh159.50 and 24k can be bought at Dh169.75.
Spot gold was up 0.7% at $1,419.61 per ounce as of 0115 GMT. Gold has risen nearly 8.8% so far this month, on track for its biggest monthly percentage gain since June 2016.
With nearly 1.5% gained so far this week, bullion is also set to post its sixth consecutive weekly rise.
US gold futures climbed 0.7% to $1,422.20 an ounce.
The leaders of the Group of 20 countries meet on Friday and Saturday in Osaka, Japan, with a much-anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping scheduled for Saturday.
The Wall Street Journal on Thursday reported that Xi plans to present Trump with a set of terms the United States...
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