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Gold Edges Higher After New US-China Tariffs; Dollar Caps Upside


Monday, 2 September 2019 17:16 WIB

GOLDEMAS


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Gold edged slightly higher on Monday after the United States and China imposed new tariffs on each others’ goods but a firmer dollar limited the precious metal’s upside.

Washington began imposing 15% tariffs on a variety of Chinese goods on Sunday, including footwear, smart watches and flat-panel televisions, as Beijing began imposing new duties on U.S. crude.

However, U.S. President Donald Trump said both sides would still meet for talks later this month.

Spot gold was up 0.2% at $1,522.17 per ounce as of 0920 GMT, having fallen to a one-week low at $1,517.11 in the previous session.

U.S. gold futures were up 0.1% at $1,531 an ounce.

Source : CNBC


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