Gold vs Turkish Lirya (XAUTRY) surged 19% on Friday after U.S. President Donald Trump intensified his spat with Turkey by imposing higher tariffs on metal imports.
The crisis engulfing Turkey's lira boosted demand for bullion as a safe investment while at the same time supporting the U.S. dollar.
Crude oil prices rose more than 1% on Friday as U.S. sanctions against Iran looked set to tighten supply whilst hedge funds and money managers cut their bullish positions on U.S. crude to the lowest level since June.
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