Bengaluru : Gold prices rose on Friday as investors fled to safe-haven assets after U.S. President Donald Trump re-ignited trade war fears by proposing $100 billion in new tariffs on China.
Spot gold rose 0.3 percent to $1,330.18 per ounce as of 0320 GMT, and the U.S. gold futures rose 0.4 percent to $1,333.50 an ounce.
The yellow metal was up 0.5 percent so far this week. Gold on Thursday dropped to a one-week low of $1,322.40 an ounce after the United States and China signalled a willingness to negotiate their trade dispute.
However, Trump late on Thursday said he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fuelling an already heated trade dispute between the world´s two biggest economies.
Syngenta logo can be seen out side their office. — Syngenta website/FileKARACHI: Syngenta Pakistan has installed a...
DP World written on a container. — dpworld.com/FileKARACHI: DP World Karachi has welcomed the second cohort of its...
A person counting Pakistani currency note. — AFP/FileKARACHI: The State Bank of Pakistan injected Rs 2,120.95...
An undated image of gold bars. — AFP/FileKARACHI: Gold prices fell by Rs800 per tola on Saturday in the local market...
A view of the Balboa Port.—ReutersBeijing’s criticism of Hong Kong conglomerate CK Hutchison’s move to sell its...
This picture shows a general view of the Karachi sea port. — AFP/File LAHORE: Pakistan’s economic growth is...
