Gold rose above $1, 500, its highest in more than six years.Bank of America Merrill Lynch noted that a massive $2.3 billion pile into gold funds over the last week had been the fourth-largest inflow ever.
NEW YORK: Signs of further escalation of the U.S.-China trade war and weak UK economic data weighed on global markets on Friday, capping a volatile week that has pushedgold to its highest level in six years.
Safe havens like the Japanese yen gained after a report that Washington was delaying a decision about allowing some trade between U.S. companies and China's Huawei Technologies Co Ltd again spooked Asian markets.
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