COMEX gold futures added to recent streak of gains to be currently quoting at $3345.40 an ounce, up over half a percent on the day. The yellow metal stayed supported amid uncertainty surrounding trade tensions. US President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trade partners. Moreover, he emphasized earlier in the week that he would apply 10% additional tariffs to countries aligning themselves with anti-American policies of the BRICS. However, firmness in dollar limited gains in the precious commodity. Dollar regained momentum after US President Donald Trump announced new tariffs. Besides, lingering threat to inflation from tariffs might convince the US Federal Reserve (Fed) to hold off on cutting interest rates until next year and in turn, could continue to support the greenback. Meanwhile, data revealed by the US Department of Labor showed that the number of Americans filing for unemployment benefits was below estimates and the previous print, indicating a solid economy.

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