Silver gained after China announced retaliatory tariffs on the U.S., increasing demand for the safe-haven precious metal.
China’s Ministry of Commerce said it will impose additional tariffs on a total of $75 billion of U.S. goods in response to the latest ones.
Developments in the on-going political unrest in Hong Kong and Sino-U.S. trade talks are also expected to dictate the safe-haven gold’s direction next week.
Concern about China’s economy is growing because U.S. tariffs on roughly $150 billion of Chinese goods will take effect from Sept. 1.
Concern about China’s economy is growing because U.S. tariffs on roughly $150 billion of Chinese goods will take effect from Sept. 1.
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