US-China trade spat benefits gold
The dollar struggles against a basket of six major currencies, having fallen off a two-year peak in the previous session
27 May 2019 - 08:49
Gold prices rose on Monday as fears of a protracted US-China trade war hurt risk sentiment, while poor economic data from the US bolstered bets of a US Federal Reserve rate cut. Spot gold edged up 0.2% to $1,287.03 per ounce as of 4.55am GMT (6.55am SA time), rising for a third session in a row.
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