Gold Prices Jump as U.S.-China Trade Tensions Fuel Safe-Haven Demand

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Gold prices climbed in Asian trading on Monday as investors sought safety amid growing trade tensions between the U.S. and China. Concerns over potential new tariffs from the Trump administration added to the uncertainty, pushing demand for gold and other safe-haven assets higher. The dollar’s slight weakness also gave metals a boost after Federal Reserve Governor Christopher Waller hinted at possible rate cuts later this year. By early trading hours, spot gold had risen 0.8% to $3,315.68 per ounce, while August futures were up 0.7% at $3,338.52. The latest escalation came after President Trump accused China of violating a recent trade deal, though his administration didn’t provide specifics. China quickly denied the claims and vowed to defend its interests, further straining relations. With trade talks stalled since the Geneva Agreement, fears are growing that another breakdown could lead to even higher tariffs. As doubts rise over a long-term resolution, traders are bracing for more volatility—and gold is benefiting as a result.

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