Gold Up On Safe-Haven Buying After U.S. Proposes New China Tariffs

Gold prices rose on Friday as investors fled to safe-haven assets after U.S. President Donald Trump re-ignited trade war fears by proposing $100 billion in new tariffs on China.

Spot gold rose 0.3 percent to $1,330.18 per ounce as of 0320 GMT, and the U.S. gold futures rose 0.4 percent to $1,333.50 an ounce.

The yellow metal was up 0.5 percent so far this week.

Gold on Thursday dropped to a one-week low of $1,322.40 an ounce after the United States and China signalled a willingness to negotiate their trade dispute.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
SHARE

Suhani Verma

  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

0 comments: