Gold futures finished higher on Friday, as the US President Trump’s new tariffs spurred global trade war fears. Besides, projections of 63 bps Fed interest cuts by year-end, after February’s PCE price index came above expectations rising by 0.4%, also buoyed investment appeal of the yellow metal. Gold for the most active contract marked fourth consecutive weekly gain by climbing 2.3% for the week.
Gold futures for April delivery rose by $29.90 or 0.97% to settle at $3,090.90 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $27.83 or 0.91% to $3,085.12 an ounce.