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 touched a more than one-week low on Thursday after a U.S. federal court blocked President Donald Trump's "reciprocal tariffs", dampening the metal's safe-haven allure, while a robust dollar further pressured prices of the precious metal.

A three-judge panel declared that the Trump administration invoking a 1977 law in imposing his 'Liberation Day' tariffs on dozens of countries was illegal. An appeals court allowed the tariffs to continue temporarily.