India, March 3 -- Gold prices inched higher on Monday amid dollar weakness after a slew of data released on Friday signaled a weakening U.S. economy.
The uptrend was also aided by tariff worries and increasingly unclear prospects for peace in Ukraine.
Spot gold rose 0.4 percent to $2,868.94 per ounce in European trade while U.S. gold futures were up 1.1 percent at $2,880.26.
The dollar retreated while the euro and the British pound advanced following a European summit on defense and Ukraine.
After the collapse of a hoped-for deal between U.S. President Donald Trump and Volodymyr Zelenskyy, the European Union said it is ready to work with all European partners and other allies on a peace plan to Ukraine that will ensure a just and lastin...