Gold Slips, But Safe-Haven Demand Keeps Prices Above $1,300

Gold prices eased on Friday on profit-taking, after breaking above $1,300 in the previous session when U.S. President Donald Trump's decision to call off a meeting with North Korean leader Kim Jong Un triggered safe-haven buying.

Spot gold was down 0.2 percent at $1,302.18 per ounce at 0312 GMT, after gaining nearly 1 percent in the previous session in its biggest one-day percentage rise since April 11. It remains on track for a weekly advance.

U.S. gold futures for June delivery fell 0.2 percent to $1,301.80 per ounce.

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Suhani Verma

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