Gold hovered above $2,980 an ounce on Friday, a record high and poised for a weekly gain of more than 2%, boosted by risk aversion and rising expectations of a Federal Reserve interest rate cut.
In the latest escalation of U.S. President Donald Trump's multi-front trade war, he warned of 200% tariffs on European wine and other spirits after the EU imposed a 50% tax on American whiskey exports.
Source: Newsmaker.id
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