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10-May2019

Gold futures end higher on weaker dollar

Gold futures ended higher on Thursday, supported by a weaker dollar and as investors sought safe-haven assets after US President Donald Trump warned a trade deal with China was in danger, sending global stocks lower. The additional tariffs kicked in at 12:01 AM Washington time. Tariffs will now rise to 25% from the previous 10% on more than 5,700 different product categories from China.

Gold futures for June delivery settled up 0.3 percent at $1,285.20 on the Comex division of the New York Mercantile. Spot gold gained 0.3 percent at $1,284.55 per ounce.


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