On Tuesday, spot gold ended higher by 1.07 percent to close at $1546.7 per ounce. Rising tension between U.S. & China amid weak economic data from the united stated boosted the appeal for Gold, the safe haven asset.
Yesterday, U.S. President Donald Trump warned China that he would be tougher on them in the second term if they don’t arrive at a deal soon. Even China lodged a complaint at the World Trade Organization after the latest round of tariffs imposed by U.S. stating that U.S. violated the agreement made by leaders of both countries at a G20 summit in Osaka.
For the first time in 3 years, U.S. manufacturing data contracted last month as the intense trade war between U.S. & China led to a sharp downfall in new orders and hiring. Escalating trade tensions between the biggest economies in the world might raise fears of a recession.
For Quick Trial – 8871888787 ✔
or mail us here: support@researchicon.com
or visit http://www.researchicon.com/free-trial
or mail us here: support@researchicon.com
or visit http://www.researchicon.com/free-trial
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon