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Gold rises after Trump proposes more tariffs on China


Friday, 6 April 2018 08:36 WIB

GOLDEMAS Spot EmasEmas berjangka


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Gold prices rose on Friday as investors sought safer assets after U.S. President Donald Trump proposed $100 billion in new tariffs on China, raising concerns about an escalating trade spat between the United States and China.

Spot gold was 0.4 percent higher at $1,330.78 per ounce as of 00:32 GMT, and the U.S. gold futures rose 0.4 percent to $1,334.10 an ounce.

Spot gold on Thursday dropped to a one-week low of $1,322.40 an ounce after the United States and China signalled willingness to negotiate a trade dispute.

However, President Donald Trump late on Thursday said he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fuelling an already heated trade dispute between the world's two biggest economies.

Source: Reuters


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