Gold Silver Reports (GSR) – U.S. President Donald Trump’s tariff increase to 25 percent on $200 billion worth of Chinese-goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a TradeDeal.
Brent crude futures were at $70.85 a barrel at 0021 GMT, up 48 cents, or 0.7%, from their last close. Brent closed little changed in the previous session.
Gold eased on Thursday as the dollar gained versus the euro after the European Central Bank postponed an interest rate hike, wiping out gains for bullion driven by the darkening global economic outlook.
Gold Silver Reports (GSR ) – “Gold is in a nice uptrend and it looks like we are done with what looked like a fairly natural pullback. One big caveat is that in this run-up, the market has been overbought.
Gold Silver Reports (GSR ) – Spot gold was steady at $1,313.4 per ounce, as of 10 a.m. ET, after hitting its lowest since Jan. 29 at $1,302.11 on Thursday.