Silver Explodes on China Trade Hopes

From orbex.com

Following an initial break higher on the week, gold prices reversed lower to the end the week in the red. Gold this week has largely been moving along with the changes in US-China relations. We kicked off the week with China announcing a fresh set of 10% tariffs on a further $75 billion of US goods. This was in retaliation for Trump’s fresh tariffs due to take effect on September 1st. Trump then issued a swift counter-threat, promising to raise tariffs again. Taking to Twitter, the president wrote:In light of this severe escalation, gold gapped higher at the open of the week, with equities having come off sharply ... (full story)