Bengaluru : Gold prices rose along with equities as the U.S. dollar softened, with markets showing little worry over the latest escalation in the U.S.-China trade war.
Spot gold climbed 0.4 percent to $1,202.32 an ounce by 0656 GMT. U.S. gold futures were up 0.3 percent at $1,207 an ounce.
China and the United States plunged deeper into their trade feud on Tuesday after Beijing added $60 billion in U.S. products to its import tariff list in retaliation for President Donald Trump´s planned levies on $200 billion in Chinese goods.
"The U.S. decision to impose a 10 percent tariff as opposed to a 25 percent one (expected) has encouraged investors in the sense there could be hope for a future compromise on trade," said John Sharma, an economist at National Australia Bank. Gold prices have declined about 12 percent since April.
The Lahore Chamber of Commerce and Industry building in Lahore. —...
A Meezan Bank seen in this undated image. — Agencies/fileKARACHI: Meezan Bank has signed a new strategic partnership...
An Airbus airplane seen in this image. — airbus.com/fileCHICAGO: US airlines appear to have rediscovered their mojo,...
In this image a person can be seen holding Rs1,000 currency notes. — AFP/fileLAHORE: Determining the policy rate is...
A representational image of expo center.—Facebook@PakistanExpoCentres/fileLAHORE: The eighth edition of the Pakistan...
Workers assembling new air crafts in a workshop at Boeing company.— boeing.com/FileSEATTLE: Striking workers at...