Metals Stocks: Gold steadies within correction territory after Trump remarks sting dollar

Gold prices managed a slim early advance Friday, barely chipping away at a weekly loss as the precious metal remained pinned within correction territory.

Gold traded near a one-year low, a level largely maintained even as President Donald Trump voiced his displeasure with Federal Reserve interest-rate increases in a Thursday interview, prompting a Thursday decline in the benchmark dollar index that persisted on Friday. And now, it was Trump’s latest remarks in a smoldering trade spat that filtered back into financial markets Friday.

In a Friday tweet, Trump accused China and the European Union of manipulating their currencies and interest rates, “while the U.S.

>>> Original Source <<<