Gold Soars 1% to Three-Month High on Global Recession Fears

From earnforex.com

Gold futures are soaring to their best levels in three months, driven by fears of a global recession in part to the US-China trade war. Investors are pouring into the safe-haven asset as global equity markets continue to plunge in the fallout of the White House’s announcement of tariffs on Mexican imports. The yellow metal also benefited from a weakening US dollar. July gold futures surged $14.90, or 1.14%, to $1,326.00 per ounce at 16:42 GMT on Monday. The yellow metal has been on a tear in the last few trading sessions, advancing more than 3% last week and bringing gold prices into positive territory for the ... (full story)