Consulate closures in China and US boost gold to record level while tech gains
Bullion rises 1% to $1,920.9 per ounce, surpassing a September 2011 peak, as safe haven assets increase foothold
27 July 2020 - 07:24
Tokyo — Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the US rattled investors, boosting the allure of safe haven assets, though sentiment was mixed with tech gains supporting some Asian stocks.
MSCI’s ex-Japan Asia-Pacific index rose 1.3% as Taiwan’s TSMC, Asia’s third-largest company by market capitalisation, rose almost 10%...
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