Gold Fundamentals and News:
➢ Gold Hits Record High Amid Trade Tensions
Gold (XAU/USD) surges to a new all-time peak at $3,237 in European trading Friday, driven by
escalating US-China trade war fears and broad market risk aversion.
➢ China Strikes Back with Steep Tariffs
Beijing announces a sharp increase in tariffs on U.S. goods, hiking the rate to 125% from 84%,
intensifying trade tensions and adding fuel to the gold rally.
➢ US Tariffs on China Reach Staggering 145%
Washington imposes an aggressive new 125% tariff on Chinese imports, adding to the existing
20%, raising total levies to 145% and heightening fears of global economic fallout.
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