Gold futures rose Friday for the third straight session, as investors regained their appetite for the safe-haven play following President Trump's threats to impose steep tariffs on trade partners, while silver continued its climb to the highest level in nearly 14 years.

Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canadian imports and broader tariff threats to other trading partners, but gains were capped by a stronger dollar amid mounting signs of turmoil in global trade landscape.

Equity markets slid on Friday as President Trump intensified trade and tariff tensions with Canada. He also hinted at measures targeting Europe, driving investors to seek refuge in gold. Investors were unsettled when Trump sent a letter late Thursday announcing a 35% levy on all Canadian imports effective August 1,