India, May 2 -- Gold prices traded higher on Friday, after having suffered losses over the previous three sessions amid signs of easing trade tensions.
Spot gold jumped 0.8 percent to $3,262.69 per ounce in European trade but was down 1.5 percent for the week. U.S. gold futures were up 1.5 percent at $3,269.26.
The dollar was on the backfoot as the latest U.S. data pointed to an economic slowdown.
Economic data released on Thursday painted a sluggish picture, with U.S. manufacturing contracting for a second straight month in April and initial unemployment claims posting an unexpected increase last week.
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That followed Wednesday's data showing the U.S. e...