Bengaluru — Gold prices narrowed losses on Friday as US tariffs on Chinese imports weighed on the greenback, stoking fears of a full-blown trade war between the two leading economies. China has implemented additional tariffs on some import products from the US immediately after US tariffs on $34bn in Chinese imports took effect, state media reported. "If the trade war escalates and then China could sell US treasuries and buy gold. This would be a big event," said Helen Lau, analyst, Argonaut Securities. Spot gold was 0.1% lower at $1,256.54 an ounce by 7.02am GMT, having dropped to $1,252.15 earlier in the session. Bullion was, however, headed for its first weekly gain in four. US gold futures for August delivery slipped 0.1% to $1,257.50 an ounce. The dollar eased against its peers on Friday ahead of the key US jobs report later in the day, and investor caution prevailed in global markets with focus turning to retaliatory measures China could employ. China has no choice but to figh...
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