Gold futures finished higher on Friday, hitting a one-week high as demand for the safe haven asset got boosted following United States President Donald Trump’s imposition of fresh tariffs on a broad range of countries. Additionally, increased expectations for a Federal Reserve interest rate cut after weaker-than-expected U.S. payrolls data also buoyed yellow metal investments.
Gold futures for December delivery rose by $51.2 or 1.5% to settle at $ 3399.8 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $73.55 or 2.24% to $3,363.48 an ounce.
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