Gold prices rose Wednesday, lifted by a weaker dollar.
Gold for February delivery was up 0.2% at $1,250 a troy ounce on the Comex division of the New York Mercantile Exchange.
The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, was recently down 0.4% at 90.52.
A weaker dollar tends to buoy prices for gold, which is denominated in the U.S. currency and becomes less affordable to foreign buyers when the dollar rises.
Gold prices are up 2.7% over the last three months, as worries over trade and slowing global growth drive nervous investors into the haven metal.
In base metals, copper for March delivery rose 0.1% to $2.77 a pound, buoyed by reports that China plans to replace an industrial policy criticized by the Trump administration as protectionist.
China is the world’s largest copper consumer, accounting for some 45% of global demand.
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