Gold Prices Traded In Range As The Dollar Fell And Trade Tensions Lingered

Gold prices traded in range as the dollar fell and trade tensions lingered. Gold prices were also unable to capitalise on a modest uptick in safe haven demand in the wake of U.S. President Donald Trump's threat to impose a 20% tariff on all car imports from the EU. 

Renewed threats of trade penalties on imported EU goods come a day after the EU's retaliatory tariffs on imported U.S. goods came into effect late Thursday.

Tensions between the U.S. and its allies continue, as India joined China and the European Union in retaliation against steel and aluminum tariffs.

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