DJIA27219.52
LIVE35.37(0.13%)
NDX7892.96
LIVE-24.38(-0.31%)

Gold Prices Gain as Escalating Trade War Sends Traders Fleeing from Equities


Monday, 26 August 2019 12:44 WIB

GOLDEMAS


c_740_198_16777215_00_images_assets_GOLD3_Gold-Reu-L-2.jpg

Gold prices rose on Monday in Asia as investors seek safe-haven from trade war fears.

Gold Futures for December delivery were up 1% at $1,552.90 on the Comex division of the New York Mercantile Exchangem by 1:22 AM ET (05:22 GMT).

The gains came amid China’s announcement of new tariffs on U.S. products and President Donald Trump’s demand that U.S. companies pull out of the republic. The U.S. also raised existing tariffs on $250 billion worth of Chinese goods to 30% from 25% as of October.

In addition, a new round of tariffs on $300 billion in Chinese goods will be taxed at 15%, up from the current 10%.

Meanwhile, in a speech at the Jackson Hole event that ended on Friday, U.S. Federal Reserve Chairman Jerome Powell said the U.S. economy is in a "favorable place," and the Fed will "act as appropriate" to keep the current economic expansion on track.

Source : Investing.com


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.