Gold prices dipped on Monday as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan, making the bullion expensive for buyers in world’s largest consumer — China.
Spot gold was down 0.2% at $1,283.46 per ounce, as of 0351 GMT.
U.S. gold futures slipped 0.2% to $1,284.40 an ounce.
The trade war between the world’s two leading economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after Trump said Beijing “broke the deal” by reneging on earlier commitments.
Source : Reuters