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Gold prices rose nearly 1% on Friday, after US President Donald Trump was the victim of a recent trade dispute with China, which boosted demand for gold and sold it as valuable refuge.
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Spot gold prices rose 1.1% to $ 1,048.40 an ounce. The metal has gained nearly 1% since the beginning of the week and is heading for its third weekly gain in four weeks.
Gold futures in US futures contracts rose 1% to $ 1446.10 an ounce, and the yellow metal rose more than 2% on Thursday.
In the currency markets, the US threat to impose new tariffs on imports from China has resulted in a rise in the yen hut to a five-week high against the dollar and a two-year high and half against the pound sterling.
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