Gold rose as the dollar gave up short-lived gains on a court ruling against President Donald Trump’s global tariffs agenda. Bullion rose as much as 1.3% — erasing losses made during the US currency’s brief bounce — as a weaker greenback makes the precious metal more attractive for many buyers in other countries.

Gold lost ground after the US federal court blocked Trump's "Liberation Day" tariffs. Investors welcomed the decision, which fueled gains in equity markets and reduced the appeal of gold as a safe-haven asset. This shift in sentiment triggered a move away from bullion.

Gold prices dropped to a more than one-week low on Thursday after a U.S. trade court blocked most of President Donald Trump's tariffs, signalling easing trade risks and denting demand for the safe-haven metal.