Gold rose to around $3,330 an ounce on Friday, strengthening for a third consecutive session, supported by safe-haven demand amid escalating trade tensions.
President Donald Trump announced 35% tariffs on Canadian imports starting August 1 and hinted at plans for blanket tariffs of 15-20% on most other trading partners.
This follows earlier threats against Brazil and proposed tariffs on copper, semiconductors, and pharmaceuticals.
Meanwhile, Trump's call for a 300-bps cut in the Fed funds rate fueled speculation about a dovish Fed chairman candidate next year and raised concerns about long-term inflation expectations.
Source: Newsmaker.id
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