India, May 23 -- Gold prices rose sharply on Friday to hit a two-week high as a weaker dollar and ongoing volatility in global bond markets helped spur safe haven demand for the previous metal.
Spot gold jumped nearly 1 percent to $3,325.95 per ounce in early European trade and headed for the biggest weekly gain in more than a month. U.S. gold futures were up 1 percent at $3,326.91.
Bullion attracted fresh bids as the dollar remained on course to snap a four-week winning streak due to U.S. fiscal health worries.
Renewed U.S.-China trade tensions, persistent geopolitical risks and Fed rate cut bets also boosted the precious metal's safe-haven demand appeal.
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