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Gold Shines Bright Testing ATH Resistance at $3,500 After a Strong Rally from $3,120 Support

GOLD was closed on Friday at weekly higher levels after testing the low level of $ 3120 in the last trading session $245 points gains from lower levels as Gold prices climbed more than 1.5% on Friday, reaching around $3,350 per ounce, as renewed trade tensions fueled risk aversion. President Trump proposed a 50% tariff on imports from the European Union starting June 1st, while also threatening Apple with a minimum 25% tariff if it fails to relocate iPhone production to the US.