PRECIOUS-Gold retakes $1,300 on China tariff retaliation [Reuters]
JOHNSON MATTHEY S/ADR (JMPLY)
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Source: Reuters
PRECIOUS-Gold retakes $1,300 on China tariff retaliation - Reuters 3 Min Read May 14 (Reuters) - Gold steadied on Tuesday, having recouped the key $1,300-level in the previous session, after Beijing’s announcement of a retaliatory tariff-hike to counter Washington rocked risk sentiment, embellishing appetite for safe-haven assets. * Spot gold edged 0.1% higher to $1,301.40 per ounce at 0113 GMT, having touched $1,303.26, its highest in over a month, earlier in the session. * In the previous session, the metal had risen by about 1.2% to peak at $1,301.10 an ounce. * U.S. gold futures also inched 0.1% higher to $1,302.40 an ounce. * China said on Monday it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, hitting back at a tariff hike by Washington on $200 billion of Chinese goods. * U.S. President Donald Trump said he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending sh
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