Gold costs sharply up as U.S.-China switch battle escalates; U.S. buck backs off; merchants alarmed – Kitco News
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Gold costs sharply up as U.S.-China switch battle escalates; U.S. buck backs off; merchants alarmed – Kitco News

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News)Gold costs are scoring beneficial properties of over $24 an ounce in late-morning trading Friday. It appears to be like to be the U.S.-China switch battle has kicked into a better instruments after China announced new switch tariffs on the U.S., whereas President Trump retaliated in a series of threatening tweets that incorporated one seek recordsdata from that U.S. corporations quit doing switch with China. Trump also asked in a tweet who modified into once the larger enemy: China’s President Xi or the Federal Reserve. All of this has alarmed the market heading into the weekend. And all of here’s bullish for stable-haven gold. December gold modified into once closing up $23.60 at $1,532.10.

Disclaimer: The views expressed listed listed below are those of the author and can honest no longer judge those of Kitco Metals Inc. The author has made every effort to narrate accuracy of recordsdata supplied; nonetheless, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This text is exactly for informational choices only. It’s no longer a solicitation to manufacture any substitute in commodities, securities or diversified financial devices. Kitco Metals Inc. and the author of this text ruin no longer accept culpability for losses and/ or damages bobbing up from the use of this publication.

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August 23, 2019
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