Gold at over 6-year peak as trade war escalation sparks rush to safe-haven


Gold prices scaled a fresh six-year high on Monday, as the latest tit-for-tat tariffs by the United States and China in their year-long trade war battered global equities and boosted demand for safe-have assets. Spot gold jumped 0.9 per cent to $1,539.70 per ounce as of 0414 GMT, having earlier touched $1,554.

56 an ounce, its highest since April 2013. US gold futures were up 0.8 per cent at $1,549.50 an ounce. On Friday, US President Donald Trump announced a 5 per cent additional duty on $550 billion in targeted Chinese goods,.....

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