Bengaluru — Gold prices hit a more than seven-month high on Tuesday as investors shun riskier assets on worries over escalation in China-US trade tensions after the US justice department charged China’s Huawei Technologies with fraud. Spot gold rose to its highest since June 14, 2018 at $1,304.53 in morning trade and was firm at $1,303.62/oz by 3.19am GMT. US gold futures were also steady at $1,302.70/oz. “Investors are very cautious with many uncertainties on US-China trade talks and Brexit. Those prospects don’t look positive,” said Margaret Yang, a market analyst at CMC Markets. “Money is fleeing into safe-haven assets such as gold, seeking safety.” The US on Monday charged Huawei, its CFO and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing. Investors fear the charges could complicate high-level trade talks set to begin on Wednesday where Chinese Vice-Premier Liu He will meet with US trade representative...

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