Bengaluru — Gold prices rose early Friday on a faltering dollar and equities as investors scurried to safety after US President Donald Trump moved towards long-promised anti-China tariffs, prompting a response from China amid the fear of a global trade war. On Thursday Trump signed a presidential memorandum that could impose tariffs on up to $60bn of imports from China, but only after a 30-day consultation period that starts once a list is published. China urged the US to "pull back from the brink", while the Chinese commerce ministry unveiled plans to levy additional duties on up to $3bn of US imports in response to the steel and aluminium tariffs. Spot gold climbed 0.7% to $1,338.26/oz at 2.51am GMT. Prices touched their highest since March 7 at $1,338.99 earlier in the session and were on track for their best weekly performance since the week of February 16, rising nearly 2%. US gold futures for April delivery rose 0.8%to $1,338.30/oz. "A trade war will harm both the US and Chine...
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