Gold posts biggest weekly gain in 2 yrs as US-China trade war fuels demand

Gold futures posted the biggest weekly advance in almost two years, extending gains Friday and pushing up producer stocks, as mounting economic and geopolitical tensions fueled demand for the metal as a haven.

Bullion rose midweek as the Federal Reserve stuck with plans to raise rates only three times this year. It moved higher Friday as prospects of a trade fight between the US and China stoked concern that global growth will slow. The ascent of John Bolton as US President Donald Trump’s national security adviser was seen adding to risks of a more muscular US approach to some of the