Prices of the safe-haven gold remained little changed on Tuesday in Asia despite escalating trade tension between the U.S. and China.
Gold futures for August delivery on the Comex division of the New York Mercantile Exchange last traded at $1,327.25 a troy ounce by 12:18 AM ET (04:18 GMT), down 0.02%.
News that the U.S. reiterated its view that China “backpedalled” on key elements of a trade deal that had been largely agreed raised concerns that the two sides are still far away from agreeing on a trade deal. The U.S. also said China is playing a “blame-game” after Beijing accused the U.S. of “intimidation and coercion” and called U.S. demands as “exorbitant” In a white paper on trade over the weekend.
Source : Investing.com