Gold (XAUUSD) Set for Weekly Gain as Investors Weigh Rates, Trade Impact

Gold rose — putting it on track for a 2% weekly gain — as President Donald Trump said some US trading partners would face tariffs from August 1.

Bullion rose 0.5% to around $3,340 an ounce on Friday as investors weighed the latest trade comments from the president, who said the administration will start sending letters on Friday that set new levy rates for several nations.

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