Gold climbs as US riots spark safe-haven rush; mounting tensions with China extend support to yellow metal
Indicative of sentiment, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.3 percent to 1,123.14 tonnes on Friday, a fresh seven-year high.
Gold prices slip from near-7-year high amid de-escalation of tensions in West Asia; investors book profit
Gold, considered a safe asset in times of political and economic uncertainty, had jumped in the last two sessions on concerns of a wider conflict after a US airstrike killed Iran’s top military commander Qassem Soleimani last week
Gold gains as US, China kick off new round of tariffs; trade war escalation, fears of global downturn sees $100 rise in yellow metal in August
Demand for gold as safe-haven surged after the United States and China launched fresh tit-for-tat tariffs on each others goods
Gold slips to 1-week low as global slowdown fears ease on stronger-than-expected data from China, robust US earnings
Spot gold edged 0.2 percent lower to $1,288.08 per ounce, having touched $1,286.44, its lowest since 5 April, earlier in the session.
Spot gold was up 0.2 percent at $1,195.27 an ounce as of 0354 GMT, after falling 0.6 percent on Friday when it marked its third straight weekly decline.