Trade war escalation triggers risk aversion, Gold prices fall

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A fresh wave of risk aversion swept across financial markets after the United States threatened to impose tariffs on an extra $200 billion worth of Chinese goods.

This unfavorable move comes just days after the two countries slapped tit-for-tat tariffs on $34 billion worth of each other’s imports. With Beijing describing the latest tariff threats as “totally unacceptable” and vowing to fight back, concerns are likely to heighten over a full-scale trade war becoming a reality. With escalating trade tensions between the world’s two largest economies presenting a significant threat to global… Read More

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