PRECIOUS-Gold set for 1st monthly gain in 4 on Trump tariff threat, Fed cut hopes [Reuters]
UNITED OVRSEAS BK S/ADR (UOVEY)
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Source: Reuters
PRECIOUS-Gold set for 1st monthly gain in 4 on Trump tariff threat, Fed cut hopes - Reuters 4 Min Read * Spot gold has risen 0.6% so far this month * Platinum heading for biggest monthly loss since Nov. 2015 * Silver on track for fourth straight monthly loss (Adds details, comments and updated prices) By Arijit Bose May 31 (Reuters) - Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after U.S. President Donald Trump vowed to levy tariffs on all Mexican imports, ratcheting up concerns of a global economic slowdown. The new threat of tariffs on Mexico, coupled with a string of soggy economic data from the United States this month and the long-drawn Sino-U.S. trade war, also translated into increased bets that the U.S. Federal Reserve could cut interest rates this year. Spot gold was up 0.2% at $1,290.68 per ounce at 0322 GMT. It has risen about 0.6% so far this month. The metal is also on track for a second consecutive we
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