Gold fell as a stronger greenback was overwhelmed by safe-haven buying, spurred by fears of a trade war between the world’s two top economies.
U.S. President Donald Trump said that he has ordered the U.S. Trade Representative to identify $200 billion worth of China goods for additional tariffs.
Trump said in a statement that the move would be in retaliation for China’s earlier decision to raise tariffs on $50 billion in U.S. goods.
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