Bullion and futures of gold jumped nearly 1% on Thursday, their biggest spring in nearly two weeks, as risk-averse investors fleeing everything from equities to oil embraced the safe-haven sanctuary of the yellow metal. Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, settled up $11.20, or 0.9%, at $1,285.40 per ounce. t was the largest percentage gain in a day for gold since May 15 and came despite a near-1% gain in the rival U.S. dollar earlier in the day. The U.S. dollar index, which measures the greenback against a basket of six currencies, reached a near-one-week high of 98.37 before falling back to 97.84, off 0.2%. Just earlier this week, gold hit a two-week low under $1,275 an ounce. Now, analysts said it might not have trouble recapturing the psychologically important bullish perch of $1,300. Global macro assets have been under pressure since the week began after U.S. President Donald Trump moved to block popular Chinese cellphone maker and technology giant Huawei from the U.S. market as an extension of the tariffs he had been piling on China. The White House upped the ante against Beijing on Thursday, reportedly considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim minority. Wall Street's three key stock indexes fell by more than 1% each as investors fled from risk on fears that the U.S.-Sino trade war will have profound and long-term consequences for growth.