Gold price went up on Friday as optimism over U.S and China trade talks pressured the greenback. In Friday’s trade, gold prices reached higher, but the gains were less as the Federal minutes in its the January meeting signaled at a possible rate hike this year.

The price of Spot gold inched 0.1% higher to USD1,324.59 per ounce today. The precious metal was leading for a second consecutive weekly rise, up about 0.4% this week. US gold futures were subdued at USD1,328.1 per ounce.

Meanwhile, price of palladium was up 0.3% to USD1,472.50 per ounce, having surpassed the key USD1,500-level for the first time on February 20.

In the Indian market too, an uptick in demand and gold cues have weighed positively on the metal, with 24 carat quoting at Rs33,830 per ten gram.

At the Multi commodity Exchange (MCX), Gold futures opened at Rs33,449 and hit a high and low Rs33,459 and Rs.33,369 respectively and is currently trading at 33,432 at 2.30pm