Reported about 8 hours ago
Gold prices remained stable around $2,890 per ounce amid escalating trade tensions as China imposed tariffs on U.S. agricultural products, raising fears of a prolonged global trade war. Following the U.S. doubling tariffs on China, analysts predict that ongoing policy uncertainties may push gold prices to $3,300 by year's end. Weaker U.S. economic data further encourages potential interest rate cuts from the Federal Reserve, enhancing the appeal of gold as a non-yielding asset.
Source: YAHOO