Yellow metal trading on Thursday reached a new highest record at $ 2,989 and was ready to extend the flow to $ 3,000.
The uncertainty of the United States (US) trade policy and possibly the Federal Reserve (Fed) will lower interest rates capable of supporting stronger gold.
At 9am, the price of gold was at $ 2,986.09, which remained stable since it opened at the beginning of Friday trading at the Asian session.
The strengthening of Bullion is expected to continue as President Donald Trump begins a trade war on the countries involved in trying to reduce the country's deficit.
The instability in setting and cancellation of tariffs on imports dragging investors switching to secure assets such as gold.
Recently, some US officials were seen ignoring the Wall Street reaction to the Trump administration's trade policy. US Treasury Secretary Scott Bessent said on Friday about policy tightening would now trigger the potential of recession.
Meanwhile, the data remains to be shadowed by tariffs. Earlier, the US Labor Statistics Bureau (BLS) revealed that inflation at the manufacturer level was mostly unchanged with slight decreases.
At the same time, the number of Americans filing for last week's unemployment benefits.
At the closing of this week, traders were watching the University of Michigan (UOM) consumer sentiment for March. However, their radar is focused on the Federal Reserve (Fed) monetary policy decision next week.
