Driven by risk aversion and growing prospects of rate cuts by the Federal Reserve, gold held above $2,980 per ounce on Friday, setting a new high and setting the stage
Early in the Asian session, gold is trending upward. After the U.S. placed taxes on worldwide imports of steel and aluminium, the EU and Canada announced retaliation tariffs against the
As safe-haven demand was fuelled by ongoing tariff uncertainties, gold prices increased on Thursday. Additionally, a lower-than-expected U.S. inflation report bolstered prospects of rate reduction, which in turn helped bullion.
