• Gold rises as appetite for risk is hurt by trade tensions



    *SINGAPORE (Reuters)


    Gold prices rose on Wednesday as investors shrugged off risk from signs of a trade war, but the strong dollar curbed the metal's rally.

     By 0600 GMT, spot gold rose 0.2 percent to $ 1281.59 an ounce.

     In the previous session, the metal dropped from a week high of $ 1287.32 on Monday but received support at around $ 1275.

    Gold futures in the US futures contract rose 0.3% to $ 1280.80 an ounce.

    Safe haven assets have come in at a time when investors are worried about prospects for the global economy after a report by the People's Daily that said that Beijing is ready to use rare earth metals as a means of impact in its trade war with America.

    Despite 10-year Treasury yields falling to their lowest levels since September 2017, the dollar managed to maintain its hold as investors rushed into the US currency on fears of a worsening trade war between America and China.

    For other precious metals, palladium in spot transactions rose 0.7% to $ 1345.15 an ounce.

    Silver gained 0.3% to reach $ 14.39 an ounce after hitting its lowest since December 3 at the previous session at $ 14.25 an ounce, while platinum rose 0.3% to $ 798.11 an ounce.​

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