Gold Gains As US-China Trade Truce Triggers Dollar Sell-Off

Gold gained one percent, hitting its highest in more than three weeks, boosted by a sell-off in the dollar after the United States and China called a truce on fresh trade tariffs for 90 days.

Meanwhile, palladium soared to a record, putting it about $12 short of parity with gold.

Spot gold was up 0.78 percent at $1,231.35 per ounce, its highest since $1,234.87 on Nov. 7.

U.S. gold futures settled up 1.1 percent at $1,239.60.

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