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Gold Prices Gain as Escalating Trade War Sends Traders Fleeing from Equities

Gold costs ascended on Monday in Asia as speculators look for place of refuge from exchange war fears.

Gold Futures for December conveyance were up 1% at $1,552.90 on the Comex division of the New York Mercantile Exchangem by 1:22 AM ET (05:22 GMT).

The increases came in the midst of China’s declaration of new taxes on U.S. items and President Donald Trump’s interest that U.S. organizations haul out of the republic. The U.S. likewise raised existing taxes on $250 billion worth of Chinese merchandise to 30% from 25% as of October.

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