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.
China Trade Tensions
China Says Trump Forces its Hand, will Retaliate Against New U.S. Tariffs
The Chinese commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action.
Chinese New Tariffs Will Be On $60Bln Worth Of US Goods
The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world’s two largest economies.
China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
Trump Tweet – We are Under No Pressure to Make a Deal with China – Neal Bhai Reports
They are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs & making products at home. If we meet, we meet? – Neal Bhai Reports
China Ready to Impose Retaliatory Tariffs on $60 Billion worth of US goods
The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world’s two biggest economies and likely squeezing US companies that import everything from handbags to bicycle tires.
Trade Tensions and the Fed Shift the Market – Gold Silver Reports
Has the stock market reached a turning point? While such moments are incredibly difficult to call—most investors would do well to avoid trying to time the market—a few signals have appeared suggesting a shake-up among the leaders and laggards may be afoot.
Gold Investors Await Fresh Move in US-China Trade Spat
Gold Silver Reports (GSR) — Gold Investors Await Fresh Move in US-China Trade Spat – Spot gold was almost unchanged at $1,332.46 an ounce as of 9am. Prices hit a more than two-week low of $1,321.16 an ounce on Friday before closing 0.5% higher. US gold futures were unchanged at $1,335.80 an ounce.