Gold Fundamentals and News:
Escalating US-China trade war:
• China raises tariffs on US goods to 125%.
• US raises duties on Chinese goods to 145%.
• Heightened tensions boost safe-haven demand, lifting gold to fresh all-time highs.
US economic concerns:
• Spike in US Treasury yields signals bond sell-off, reflecting fading confidence in the economy.
• Weak inflation data boosts expectations of aggressive Fed easing.
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