Gold rises more than 1 percent on renewed U.S.-China trade tensions


By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold prices rose more than 1 percent on Monday as the U.S. dollar softened and China raised tariffs on U.S. products, escalating global trade tensions.China imposed extra tariffs of up to 25 percent on 128 U.S.

products including frozen pork and wine in response to U.S. duties on imports of aluminum and steel.With many major European financial centers closed for Easter Monday, spot gold added 1.4 percent at $1,342.46 per ounce by 1:34 p.m. EDT (1734 GMT), earlier reaching a $1,342.97.....

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