Gold edges higher in the early morning Asian session, supported by prospects of more U.S. tariffs which could spur safe-haven demand for the precious metal.
President Trump on Thursday ordered federal agencies to explore how to adjust U.S. tariffs to match those of other countries. This is raising prospects of a global trade war, ANZ Research analysts say in a research report. Demand for gold has surged as investors seek to protect themselves against the impact of such a damaging economic event, the analysts say.
Spot gold is 0.1% higher at $2,930.92/oz.
Source : Dow Jones Newswires
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