Gold On MCX Settled Up 0.67% At 30493 As Dollar Eased

Gold on MCX settled up 0.67% at 30493 as dollar eased and shares sank amid heightening trade friction between the United States and major economies. 

Dollar weakness also supported the yellow metal's advanced as the prospect of a global trade war pressured U.S. bond yields. 

The yellow metal's fall attracted a fresh wave of buying pressure as demand for the safe-haven trade returned as China and U.S. are set to implement tariffs on Friday. 

The Trump administration's tariff on a range of Chinese goods worth about $34 billion is expected to come into effect on Friday.

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