Gold Gains on Inflation and U.S.-China Questions
By
Kirk Maltais, Dow Jones Newswires
Questions about the longevity and future prospects of a U.S.-China trade deal gave gold a boost, with the front-month futures contract closing up 0.6% to $3,240.30 a troy ounce.
"Despite the de-escalation in tensions between the U.S. and China, questions remain regarding the longevity of the agreement, which could maintain gold's attractiveness as a safe-haven asset," Quasar Elizundia of Pepperstone says in a note. "While the tariff reductions have temporarily boosted market sentiment, uncertainties about the deal could continue to weigh on investor confidence."
Gold also gained after inflation figures show the effects of the beginning of President Trump's tariff policies.
Latest News
- Nvidia Scores Big As Trump Brokers Major AI Export Pact With UAE and US Tech Giants
- Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment
- CoreWeave stock sinks as company discloses $23 billion capex plan, $4 billion OpenAI commitment
- Here’s what Wall Street experts are saying about Walmart ahead of earnings
- Retail Sales Barely Rose in April as Consumers Lose ‘Will to Spend’
- UnitedHealth Stock Falls. Selloff Deepens With Report of Medicare Fraud Investigation.
