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Gold Trades Near 2-Week High on U.S.-EU Trade Tensions


Wednesday, 10 April 2019 08:46 WIB

GOLDEMAS


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Gold on Wednesday traded near a two-week high hit in the previous session, as investors worried about the trade tensions between the United States and Europe, and as the International Monetary Fund cut its global growth outlook.

Spot gold was down about 0.1 percent at $1,303.14 per ounce as of 0110 GMT, after touching its highest since March 28 at $1,306.09 in the previous session.

U.S. gold futures were also down about 0.1 percent at $1,307.60 an ounce.

U.S. President Donald Trump on Tuesday threatened to impose tariffs on $11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute and opening a new front in his global trade war.

Source : Reuters


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