Gold rises as investors seek safety from US-China deal shocks
Markets were shaken by overnight reports that US tariffs on Chinese goods would remain despite the upcoming signing of a trade deal agreement
Bengaluru — Gold prices rose on Wednesday as investors sought safer assets amid uncertainty about the effectiveness of the US-China Phase 1 trade deal after a top US official said tariffs on Chinese goods would stay in place even after the agreement is signed.
Spot gold rose 0.3% to $1,551.38/oz by 0332 GMT. Prices fell to their lowest since January 3 at $1,535.63 on Tuesday. US gold futures gained 0.5% to $1,552.30...