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Gold rises 1% on US dollar weakness, safe-haven demand

Gold jumped 1% on Friday, helped by a weaker dollar and safe haven buying after United Auto Workers union kicked of strikes at three automakers in Detroit, while hopes around a likely pause in U.S. interest rate hikes lent further support.

Spot gold was up 0.7% at $1,924.27 per ounce by 1:56 p.m. EDT (1756 GMT). Bullion has risen 0.3% so far this week.

U.S. gold futures settled 0.7% higher at $1,946.2 per ounce.