Gold shrugs off firm Dollar and closes higher

Gold prices closed higher today despite the dollar's rise against most major currencies, amid a positive atmosphere surrounding the US-China trade negotiations.

US President Donald Trump said negotiations with the Chinese side were going well, expecting a trade deal soon.

Trump also stated that the US economy is doing well, adding that he will seek help from the Supreme Court if the Democratic Party continues its attempts to remove him from the presidency.

Separately, the dollar index (against a number of major currencies) rose by 0.4% to 98 points at 17:50 GMT, hitting a high of 98 points and a low of 97.5.

Gold futures (June delivery) rose by 0.5% to close at $1279.4 an ounce, with the day's highest at $1280.7 and the lowest at $1270.5.