• Gold surges as risk appetite plummets after Trump threatens to raise fees




    Gold prices rose Tuesday after US President Donald Trump's threat to increase tariffs on Chinese imports sparked renewed trade tensions between the two countries and prompted investors to seek safe haven assets.

    Spot gold rose 0.1 percent to $ 1281.70 an ounce by 0537 GMT.

    US futures fell 0.1 percent to $ 1282.70 an ounce.


    On Sunday, Trump, who describes himself as a "customs duty man", warned of raising tariffs on Chinese goods with a sharp change in attitude from last week, when he praised the two countries' progress in trade.


    Stephen Ines, the Head of Trading and Market Strategies at SBI Asset Management, said, "There are big catalysts for gold in light of the escalation on the front of the commercial war yesterday."


    For other metals, silver settled at $ 14.90 an ounce, while platinum rose about 1 percent to $ 880.85 an ounce.

    Palladium rose 0.7 percent to $ 1346.01 an ounce.​

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