Gold climbed as investors scurried into the safe-haven bullion following Washington's shock threat of tariffs on Mexico, which heightened fears of a global downturn.
The dollar briefly trimmed its losses as stronger-than-forecast data on U.S. consumer spending and income in April tempered some worries about a slowing U.S. economy.
Gold premiums in top consumer China rose as investors bought the metal as a safe-haven due to rising trade tensions with the United States.
No comments:
Post a Comment