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Gold rises amid trade uncertainties

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold inched higher on Friday after easing on positive US inflation and jobless claims data. In the wake of Mideast tensions, prolonged Sino-US trade spat and falling dollar the bullion found support. Moreover, Trump said China is not keeping with its side of the deal on buying agricultural products from American farmers. The truce is not in sight and today's lending and trade data from China will provide cues on economic growth which is expected to have slowed to its weakest pace in at least 27 years. If expectations are met the gold will aim for the 1430 level.

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