• Gold is settling near its highest level in a month thanks to safe haven demand





    Gold prices have stabilized near a three-month high on Tuesday as a surge in US-China trade spurred investors to seek safe haven.

    Spot gold settled at $ 1298.63 by 06:03 GMT, after hitting $ 1303.26, the highest since April 11.

    Gold futures fell 0.2 percent to $ 1299.40.

    Asian stocks continued their losses today after sharp overnight declines on Wall Street, as the Yen rose and yields on US Treasuries fell after Beijing announced yesterday the imposition of higher tariffs on US imports in response to the lifting of tariffs on imports from China.


    Yesterday, the yellow metal rose 1.1 percent to its biggest daily increase in percentage terms since Feb. 19.

    For other precious metals, Silver rose 0.2 percent to $ 14.79 an ounce, while platinum rose 0.9 percent to $ 861.13.

    Palladium rose 0.6 percent to 1,329.25 dollars.​

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