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Gold falls as threat of more tariffs on China boosts dollar

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By Shoaib Ur RehmanReuters

NEW YORK/LONDON: Gold prices slipped on Wednesday as US threat of tariffs on an additional $200 billion of Chinese goods pushed safe-haven flows to the US dollar and dashed hopes that Washington would eventually step back from the escalating row.

US President Donald Trump detailed overnight a list of Chinese products that could face 10 percent tariffs. The clock now starts ticking on a two-month period of public comment before the levies are imposed.

Copyright Reuters, 2018
 

 

 

 

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