Gold Gained Buoyed By Safe Haven Demand, As The United States And China

Gold trading range for the day is 38744-39290.

Gold gained buoyed by safe-haven demand, as the United States and China launching tit-for-tat tariffs on each other’s goods escalated a prolonged trade war

Washington began imposing 15% tariffs on a variety of Chinese goods, as Beijing began imposing new duties on U.S. crude.

The inversion of the U.S. yield curve, where short-dated yields are running above long-dated ones, has also unsettled investors as it often precedes a recession.

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