India, March 28 -- Gold prices climbed higher on Friday, closing up for a second straight session, and recording a fairly sharp gain for the week, as investors picked up the safe-haven asset amid rising concerns about economic growth due to Trump's tariffs.
The dollar's weakness supported the yellow metal. The dollar index dropped to a low of 103.90 before recovering to 104.05, but still remained well below the flat line, losing about 0.3%.
The dollar was under pressure due to falling yields and rising trade risks. Analysts said Trump's auto tariff threat will disrupt global trade and underpin local inflation.
Moody's has warned that new tariffs and tax cuts could widen the U.S. deficit, raising the risk of a credit downgrade.
Also, Fed...