Gold Fundamentals and News:
• Global Trade War: Ongoing tensions fuel recession fears and global equity sell-off.
• Gold Price Impact: Traders sell gold to raise cash amid equity losses.
• PBOC Gold Reserves: China adds 0.09 million troy ounces to gold reserves for the fifth month in March.
• US Tariffs: Trump imposes 10% tariffs on all imports; China retaliates with 34% tariffs on US goods.
• US Trade Policy: Tariffs remain in place; no deal unless trade deficit is addressed.
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