China city Beijing Usa outbreak experts pandemic economy China city Beijing Usa

How will trade tensions between US and China impact gold?

Reading now: 990
www.livemint.com

Gold prices have rallied around 45% in the past one year and experts feel there is more room for a price rise as tensions between the US and China has once again escalated over the covid-19 outbreak.

US President Donal Trump on Sunday said that he believes that the outbreak was the result of a “horrible mistake" by China. According to a Reuters report, the Trump administration is “turbocharging" an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the pandemic.

The fear of a new trade war between the two countries is expected to increase the demand for safe haven assets such as gold, especially given the poor state of the global economy. “Resurfacing trade

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA