Gold Prices Traded In The Range As The U.S. Dollar Weakened And U.S. Trade

Gold prices traded in the range as the U.S. dollar weakened and U.S. trade tariffs against China went into effect.

Trade conflict between the two biggest economies in the world began in force on Friday, when U.S. tariffs on $34 billion worth of Chinese goods went into effect, with more tariffs expected in the coming weeks. 

China has also retaliated with tariffs on $34 billion of American goods, according to Xinhua news. Beijing had previously said it would impose tariffs on U.S. agricultural products, crude imports, and vehicle products. The precious metal was also held back by a mixed jobs report.

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