India, July 10 -- Gold ticked higher on Thursday, driven by a dip in the dollar and bond yields as U.S. President Donald Trump intensified his tariff war strategy.
Spot gold rose half a percent to $3,330.18 per ounce in European trade, while U.S. gold futures were up half a percent at $3,337.62.
The U.S. dollar slipped from a two-week high versus major peers as investors reacted to the latest developments on the trade front and the latest FOMC meeting minutes.
After releasing tariff warning letters to seven additional countries on Wednesday, U.S. President Donald Trump raised the tariffs on Brazilian imports to 50 percent from 10 percent, effective August 1.
Trump tied the levy to Brazil's prosecution of former president Jair Bolsonaro ...