Gold prices surged to a record high on Wednesday, driven by growing fears of a new trade war between the United States and China. The spike follows Beijing’s decision to impose tariffs on U.S. imports in retaliation for new U.S. duties on Chinese goods. Investors are flocking to the safe-haven asset amid rising economic uncertainty,
Gold prices surged to a record high on Wednesday, driven by growing fears of a new trade war between the United States and China. The spike follows Beijing’s decision to impose tariffs on U.S. imports in retaliation for new U.S. duties on Chinese goods. Investors are flocking to the safe-haven asset amid rising economic uncertainty, as tensions between the world’s two largest economies continue to escalate.
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