Bengaluru — Gold prices climbed on Monday after US President Donald Trump threatened to raise tariffs on Chinese goods, escalating Sino-US trade tensions, which prompted investors to sell riskier assets and boost safe-haven bullion. Spot gold was up 0.2% at $1,281.63 an ounce, as of 9.30am GMT. US gold futures also gained 0.2% to $1,283.20 an ounce. US President Donald Trump on Sunday announced he would hike tariffs on $200bn worth of Chinese goods this week. He also said he would target a further $325bn of Chinese goods with 25% tariffs “shortly”, essentially covering all products imported into the US from China. “We are seeing the markets reacting to uncertainty about trade talks. It is creating some nervousness in the markets. The dollar is a tad stronger, countering some of the potential moves we would have seen otherwise in gold,” said Ole Hansen, commodity strategist at Saxo Bank. Trump’s comments dented global shares and oil prices, while boosting the yen, which like the yell...

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