![Live 24 hours gold chart [Kitco Inc.]](https://www.kitco.com/images/live/gold.gif?0.2924175530478188)
(Kitco News) - Gold prices are scoring gains of over $24 an ounce in late-morning trading Friday. It appears the U.S.-China trade war has kicked into a higher gear after China announced new trade tariffs on the U.S., while President Trump retaliated in a series of threatening tweets that included one demand that U.S. businesses stop doing business with China. Trump also asked in a tweet who was the bigger enemy: China's President Xi or the Federal Reserve. All of this has unnerved the marketplace heading into the weekend. And all of this is bullish for safe-haven gold. December gold was last up $23.60 at $1,532.10.
