The price of gold is growing on Friday morning amid an escalation of tension between the US and China, Prime reported.

The June gold futures price on Comex New York Stock Exchange increased by 0.36%, or $ 6.2, to $ 1,719.5 per troy ounce. July silver futures decreased by 0.3% to $ 17.962 an ounce.

The National People’s Congress on Thursday passed a resolution on the development of a security bill in Hong Kong. US President Donald Trump, according to media reports, will later hold a press conference on the situation with China.

Trump has earlier warned of new measures against China in response to actions in Hong Kong.