Gold Prices Surge

Gold prices gained on Friday in Asia amid concerns surrounding the U.S.-China trade war.

The yellow metal changes hands at $1501.42, which is an incline of 0.85 or 0.06% from the previous close of 1500.57.

In reality, yesterday, the futures of the precious metal reached a peak mark of $1522.70. Additionally, price marks are trying to break the long-term resistance between $152 and $1548.

The trading volume is 139.404K, while the daily range is from 1498.93 to 1508.86.

Moreover, the so called safe-haven assets rallied this week after Beijing devalued its currency as an action to the U.S. threat to impose further tariffs on its goods and services. The yuan is at its bottom since April 2008.