💨 Abstract

Gold prices reached a record high on Wednesday due to fears of a new trade war between the U.S. and China, with Beijing imposing tariffs on U.S. imports in response to U.S. duties on Chinese goods. President Donald Trump expressed no urgency to speak with Chinese President Xi Jinping to address trade tensions. Gold futures inched up, with spot gold reaching $2,848.69 per ounce.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖