Reported about 13 hours ago
Gold prices have increased, heading for a 2% weekly gain, following President Trump's announcement that certain US trading partners will face tariffs starting August 1. As gold rose to around $3,340 an ounce, concerns over a potential trade war and its economic effects fueled demand for safe-haven assets. Investors are also evaluating the Federal Reserve's interest rate trajectory in light of recent stronger-than-expected payroll figures.
Source: YAHOO