India, March 27 -- Gold ticked higher on Thursday due to heightened uncertainty surrounding U.S. policy and expectations that China may continue its rapid pace of gold buying for the next three to six years.
Spot gold rose 0.6 percent to $3,036.33 per ounce in European trade while U.S. gold futures were up 0.7 percent at $3,074.94.
Goldman Sachs and BofA have raised their gold price forecasts amid trade-war tensions.
U.S. President Donald Trump has ratcheted up transatlantic trade tensions by announcing a new 25-percent tariff on all auto imports.
n a late-night post on his Truth Social platform, Trump threatened to impose even steeper tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.
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