Gold futures settle above 1,300 USD an ounce on safe-haven buying

          Source: Xinhua| 2019-05-14 03:54:00|Editor: Liu
          Video PlayerClose

          CHICAGO, May 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose over 1 percent on Monday, as investors took refuge in haven gold after U.S. equities dropped amid escalating trade frictions between the United States and China.

          The most active gold contract for June delivery went up 14.4 dollars, or 1.12 percent, to settle at 1,301.8 dollars per ounce.

          China announced on Monday that it will raise the rate of additional tariffs imposed on some of the imported U.S. products from June 1.

          China had earlier imposed additional tariffs on 60 billion dollars worth of U.S. imports, the rates of additional tariffs on some of the products will now be increased to 25 percent, 20 percent, and 10 percent, according to a statement by the Customs Tariff Commission of the State Council.

          The decision came after the U.S. move to increase tariffs on 200 billion dollars worth of Chinese goods from 10 percent to 25 percent as of May 10.

          As of 1845 GMT, the Dow Jones Industrial Average dropped 584.55 points, or 2.25 percent. The S&P 500 Index went down 64.4 points, or 2.24 percent, and the Nasdaq Composite Index was down 238.33 points, or 3.01 percent.

          Gold usually moves in opposite directions with the U.S. equities. When the stock markets were on the rise, investors may stop buying safe-haven assets, such as gold.

          As for other precious metals, silver for July delivery was down 1.3 cents, or 0.09 percent, to settle at 14.777 dollars per ounce. Platinum for July delivery was down 10.7 dollars, or 1.24 percent, to close at 854.9 dollars per ounce.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100851380557291
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  尹人香蕉久久99天天拍国产 | 精品少妇一区二 | 亚洲一级AV在线播放 | 色老99久久九九爱精品 | 日本少妇高潮正在线播放 | 无色码中文字幕亚洲精品 |