Gold futures jumped late in the session on Friday even after U.S. equity investors breathed a sigh of relief after President Donald Trump signaled no changes to the trade deal with China despite rising tensions.
During a much-awaited news conference, Trump said he would take action to eliminate special treatment towards Hong Kong. However, he did not indicate the U.S. would pull out of the phase one trade agreement reached with China earlier this year, easing trader concerns for the time being.
On Friday, August Comex gold settled at $1751.70, up $23.40 or +1.35%. For the week, the market finished down $1.80 or -0.10%. Gold closed up $50.70 or 2.98% for the month… you can read more from here
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