The uncertainty over US-China trade talks, developments in the global market and talks surrounding recession are some of the key reasons that have triggered a rise in prices of gold, reported Business Today.
Trade Tensions
China commerce minister says there is no winner in a trade war: RTRS
China commerce minister says U.S.’s unilateralism, protectionism will hurt global economy, does no good to any country: RTRS China commerce minister says cooperation between China and …
Trump Escalates Trade Tensions With Call for New China Tariffs
Gold Silver Reports (GSR) – The move threatens to unravel efforts by top U.S. and Chinese trade officials to lower the heat and reach an agreement that could stave off an escalating conflict, after the release of a list of tariff targets earlier this week prompted immediate threats of retaliation from Beijing.
Stocks Rally Third Day as Trump Team Eases Stance
Gold Silver Reports (GSR) – Stocks Rally Third Day as Trump Team Eases Stance — The S&P 500 Index bounced back from Monday’s selloff as investors grew more confident the administration’s protectionist rhetoric wouldn’t result in equally stringent policy. The rally took stocks to a two-week high. The dollar strengthened for the third time this week, while the 10-year Treasury yield popped above 2.82 percent.
Global Gold Prices Rise on Renewed US-China Trade Tensions
Gold Silver Reports (GSR) – Gold prices rose on Monday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on US products in response to US duties on imports of aluminium and steel.