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Showing posts with the label Certainly that has induced some safe-haven buying in gold and has jolted the (gold) market back into action

Gold gains as Trump's levy risk frightens worldwide markets (smart mcx trades)

Trump says he will climb U.S. duties on Chinese products this week.SPDR gold property tumble to most minimal since Oct 11. May 6 - Gold costs jumped on Monday after U.S. President Donald Trump took steps to raise taxes on Chinese products, heightening Sino-U.S. exchange strains, which provoked hazard off opinion and supported place of refuge resources. Spot gold XAU= was up 0.3 percent at $1,282.38 per ounce, starting at 0301 GMT. U.S. gold prospects GCv1 were up 0.2 percent at $1,283.90 an ounce. "We have seen somewhat of a hazard unwilling move at the beginning of today in Asian exchanging following the remarks from Trump throughout the end of the week with respect to the U.S.- China economic accord," ANZ investigator Daniel Hynes said. "Positively that has incited some place of refuge purchasing in gold and has shocked the (gold) showcase once more vigorously." US President Donald Trump on Sunday declared he would climb duties on $200 billion worth of