Author: GildaNoriega

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Gold unchanged as U.S.-China trade uncertainty persists

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Asian shares turn south after Trump vows tariff hike

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Gold worth billions smuggled out of Africa

Geopolitical tensions escalated rapidly and drove demand to safe haven assets. Gold price was one of the beneficiaries with the benchmark Comex contract soaring to 1273.5, a level not seen since last November, before ending the day at 1271.2, up +1.61%. Others in the precious metal complex also rallied. The silver contract jumped +1.89%.

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Gold and Treasuries Rallied on Geopolitical Tensions