Gold on track for first monthly gain in four
Metal rises after US President Donald Trump vows to levy tariffs on Mexican imports, raising fears of a global recession
31 May 2019 - 08:20
Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after US President Donald Trump vowed to levy tariffs on all Mexican imports, ratcheting up concerns of a global economic slowdown.
The new threat of tariffs on Mexico, coupled with a string of soggy economic data from the US in May and the long-drawn China-US trade war, also translated into increased bets that the US Federal Reserve could cut interest rates in 2019...
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