Gold edges up from one-year low as Trump slams strong dollar
Updated : July 20, 2018 08:07 PM IST
Gold was down 1.4 percent this week, with little sign of an end to the slide in prices that has knocked more than 10 percent off gold's value since mid-May.
Despite Trump's intervention, the dollar was near one-year highs on Friday as Fed Chairman Jerome Powell did nothing this week to counter expectations of two more rate rises this year and said the United States was poised for several more years of growth.
Bank of America Merrill Lynch said on Friday fears of a trade war had seen global investors plough $5 billion into bonds this week while pulling $1.2 billion from gold.
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