GOLD PRICES GAIN AS TRUMP CONSIDERS IMPOSING TARIFFS ON $200B IN CHINESE GOODS

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Gold prices gained on Friday as reports that U.S. President Donald Trump was considering plans to impose tariffs on $200 billion in Chinese imports as soon as next week weighed on market sentiment.

The precious metal remained on track to record their longest monthly losing streak since 2013 despite today’s gains.

The U.S. Dollar Index, which tracks the dollar against a basket of other currencies, gained 0.04% to 94.68.