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Gold fights for altitude as Trump's China tariff threat unsettles markets


Tuesday, 7 May 2019 01:14 WIB

GOLDEMAS


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Gold prices turned slightly higher on Monday, with the precious metal giving up earlier losses, as investors reacted to a slump in equities after President Donald Trump upended perceived progress on trade talks by threatening to raise tariffs soon on China.

Gold for June delivery moved up by $1.40, or 0.1%, to $1,282.70 an ounce after tapping a low of $1,278.10. The contract rose 0.7% to settle at $1,281.30 an ounce on Friday, paring last week’s loss to 0.6%, according to FactSet data.

Source: marketwatch


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