Gold Gains As Donald Trump’s Tariff Threat Unnerves Global Markets

Gold Gains As Donald Trump’s Tariff Threat Unnerves Global Markets

Monday, May 06, 2019
Spot gold was up 0.3 percent at $1,282.38 per ounce, as of 0301 GMT. U.S. gold futures were up 0.2 percent at $1,283.90 an ounce.

Gold prices climbed on Monday after U.S. President DonaldTrump threatened to raise tariffs on Chinese goods, escalating Sino-U.S. trade tensions, which prompted risk-off sentiment and boosted safe-haven assets.

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