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(Gold Prices Gain amid Potential U.S.-Japan Trade Issues)
Gold prices rose on Friday morning in Asia as the U.S. dollar slipped against Japanese yen amid fears that Washington would turn its attention on trade issues with Tokyo, after it slapped 25% tariffs on Chinese products in late August and with the potential of further tariffs hanging in the balance.The USD/JPY pair dropped 0.16% to 110.57, as U.S. President Donald Trump told a Wall Street Journal columnist that he is considering taking on trade issues with Japan. The news sparked concerns in markets and raised demand for the yellow precious metal, which is seen as a safe haven asset during turmoil.
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