Gold rises as trade war jitters revive safe-haven demand

From brecorder.com

Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets. Spot gold was up 0.5% at $2,996.6 an ounce, as of 0340 GMT. Bullion hit its lowest level since March 13 on Monday. US gold futures gained 1.3% to $3,010.70. US President Donald Trump ramped up tariff threats against China on Monday, while the European Union outlined plans for retaliatory duties, deepening fears of a drawn-out trade war that could tip the global economy into ... (full story)