Gold prices rose early Monday to a five-week high as
the threat of a trade war between the United States and China drove investors to seek refuge in safe assets.
FUNDAMENTALS
Fears of a full-blown trade war between the US and China
battered Asian shares again on Monday, keeping the safe haven yen near a
16-month peak. Against a basket of currencies, the dollar index was flat at
89.432.
The US has violated international trade rules
with an inquiry into intellectual property and China is ready to defend its
interests, Vice Premier Liu He told US Treasury Secretary Steven Munching,
state media said on Saturday.
Read More:- Commodity Market Updates
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