Gold prices rose on Friday as investors sought safer assets after U.S. President Donald Trump proposed $100 billion in new tariffs on China, raising concerns about an escalating trade spat between the United States and China.
FUNDAMENTALS
Spot gold XAU= was 0.4 percent higher at $1,330.78 per ounce as of 0032 GMT, and the U.S. gold futures GCcv1 rose 0.4 percent to $1,334.10 an ounce.
Spot gold on Thursday dropped to a one-week low of $1,322.40 an ounce after the United States and China signalled willingness to negotiate a trade dispute.
Source: Reuters