Silver prices rallied buoyed by safe-haven demand amid the intensifying U.S.-China trade war and falling stock markets.
The PBOC said in a statement that the “United States disregards the facts and unreasonably affixes China with the label of ‘currency manipulators.’
Tensions intensified amid U.S. President Trump’s decision last week to impose a 10% tariff on $300 billion of Chinese imports from Sept 1.
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