Gold blazed past the $3,200 mark on Friday, as a faltering dollar and an escalating U.S.-China trade war stirred recession fears, sending investors flocking to the safety of the yellow metal.

U.S. stocks are climbing in shaky trading Friday as President Donald Trump’s trade war with China escalates further and U.S. households get more worried about it. Gold's price is rising, the U.S. dollar's value is falling and other financial markets are also swinging in indications of fear about where the U.