Gold gains

Bengaluru : Gold prices gained as much as one percent on Friday on a faltering dollar and equities as investors scurried to safety after U.S. President Donald Trump moved towards long-promised anti-China tariffs, prompting a strict response from China amid fears of a global trade war. Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of imports from China, but only after a 30-day consultation period that starts once a list is published.

China urged the United States to "pull back from the brink", while the Chinese commerce ministry unveiled plans to levy additional duties on up to $3 billion of U.S. imports in response to the steel and aluminium tariffs.

Uncertainties around a possible trade war between the United States and China are driving some safe-haven buying, said Hareesh V, head of commodity research, Geojit Financial Services. Spot gold was up 0.81 percent at $1,339.33 per ounce, as of 0758 GMT.