Gold to $1488 on escalating US-Sino tensions?

From forex.com

Gold is up over 1.1% in early trade on Monday and has climbed to fresh multi year highs around $1460. Gold has rallied hard since the FOMC rate cut announcement last week, gaining over 3%. Whilst the Fed’s hawkish cut initially pulled gold lower, increased US – Sino tensions have since offered support. Today’s extension of last week’s gains comes amid increased flows into safe havens as trade tensions between US & China escalate, driving risk off sentiment. Last week President Trump increased pressure on China by adding tariffs of 10% on $300 billion worth of Chinese imports, in addition to the existing 25% ... (full story)