TIMES OF UNCERTAINTY
Gold, a haven in instances of uncertainty, rose to as a lot as US$3,004 an oz. earlier than falling again to only below US$3,000.
The valuable metallic was “boosted on elevated haven demand amid commerce struggle dangers and up to date inventory market volatility”, mentioned Fawad Razaqzada, an analyst at Metropolis Index and Foreign exchange.com.
Within the newest salvo, Trump threatened to impose 200 p.c tariffs on wine, champagne and different alcoholic drinks from European Union nations.
Wall Avenue has been hammered in latest periods by commerce tensions, with the S&P 500 slipping right into a technical correction Thursday, having fallen greater than 10 p.c from a report excessive it hit simply final month.
The broad-based S&P 500 completed at 5,638.94, up 2.1 per cent for the day, however down 2.3 per cent for the week.
