On Friday, during the Asian market's early trading session, gold prices slightly rose and traded in a narrow range on Thursday. Despite a rebound in the US dollar, geopolitical uncertainties and concerns over the trade war boosted demand for safe-haven assets. Due to the US market being closed, trading in the gold market was quiet.

The US president-elect, Donald Trump, plans to impose tariffs on Canada and Mexico, raising concerns about potential reactions from these two countries, which has become an important support factor for gold.

Tariffs on Canada and Mexico, an important support factor for gold.

Nov 29 2024