FOX LIVE NEWS UPDATE

PRECIOUS-Gold gains as dollar dips on soft U.S. data, trade talks

Sept 14 (Reuters) – Gold rose on Friday as the dollar faltered after softer-than-expected U.S. inflation data dimmed the case for a faster pace of policy tightening by the U.S. Federal Reserve, amid signs of movement in the Sino-U.S. trade standoff.

Spot gold XAU= was up 0.5 percent at $1,206.10 an ounce as of 0643 GMT, after having hit its highest since Aug. 28 at $1,212.65 on Thursday. It has gained 0.9 percent so far this week, on track for its first weekly gain in three.

U.S. gold futures were up 0.3 percent at $1,211.30 an ounce.

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