Ammon News - Gold rose on Thursday, supported by renewed safe-haven demand after U.S. President Donald Trump slapped an additional 25% tariff on Indian imports, escalating trade frictions.

Spot gold was up 0.3% at $3,378.18 per ounce as of 0452 GMT. U.S. gold futures gained 0.4% to $3,445.60.

Adding to gold's support, the dollar index hovered near a more than one-week low after surprisingly weak U.S. jobs data last week triggered bets for a U.S. rate cut in September.

Traders are now pricing in a 95% chance of a 25 basis point rate cut next month, according to the CME Group's FedWatch Tool.

Elsewhere, spot silver rose 0.5% to $38.04 per ounce, platinum lost 0.4% to $1,328.77 and palladium gained 1.3% to $1,146.80. Reuters