While a series of weak American economic data surpassed initial optimism over the call of US President Donald Trump with his Chinese counterpart Xi Jinping, gold rose on Friday and is expected to see weekly gains, while investors waited for the giveaways eacute; es on employment in the United States

At 03:40 GMT, the spot gold price was up 0.5% to $3,368.49 per ounce. The gold price has gained 2.5% since the start of the week. US gold futures rose 0.5% to $3,391.40. Gold, often considered a safe haven asset, tends to perform well in times of economic uncertainty and low interest rate environments.

Spot silver fell 0.4% to $35.99 per ounce, still near a 13-year high, while platinum rose 1.7% to $1,149.88 and palladium rose 0.8% to $1,014.31.

All three metals were heading for weekly gains.