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Gold Prices Rise on Mexico Tariffs, Escalating Sino-U.S. Tensions


Monday, 3 June 2019 12:44 WIB

GOLDEMAS


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Gold prices rose on Monday in Asia amid worries over Mexico and escalating trade tension between China and the U.S.

Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, was up 0.4% at $1,316.45 per ounce by 12:45 AM ET (04:45 GMT).

The Trump administration announced on Thursday it will impose a 5% tariff on all imported goods from Mexico beginning June 10 and “gradually increase” that tax to 25% until the flow of undocumented immigrants across the border stops.

The news sent the yellow metal higher. It was also boosted in the wake of more Sino-U.S. trade-war jitters.

Source : Investing.com


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