Ammon News - Gold prices jumped more than 1% on Thursday on bargain buying, a day after the bullion hit a one-week low amid optimism over the U.S.-China trade deal.

Spot gold rose 1.2% to $3,326.42 an ounce, as of 0453 GMT.

U.S. gold futures gained 1.3% to $3,337.50.

Non-yielding bullion, traditionally seen as a hedge against global instability, hit a record high of $3,500.05 on Tuesday but fell below the $3,300 level on Wednesday.

The dollar index fell 0.2% against its peers, making greenback-priced bullion cheaper for overseas buyers.

Spot silver fell 0.5% to $33.37 an ounce, platinum was down 0.5% at $967.45 and palladium lost 0.7% to $937.48. Reuters