Gold hovered near a 3-month high after jumping Monday, as demand for havens grows in response to the escalating U.S.-China trade war and its impact on global growth, with bets building that the Federal Reserve will cut interest rates this year to contain the fallout.
Spot gold little changed at $1,325.78/oz at 11:16am in London after earlier touching $1,329.14, the highest since Feb. 27. Price +1.5% on Monday, biggest gain at close since Jan. 25.
Other precious metals: Spot silver -0.2% after +1.3% on Monday. Platinum -0.2% after +3.6% on Monday, biggest gain since January 2017 . Palladium -0.3%.