Business News
Gold Falls But Remains Elevated Amid U.S.-China Trade Tensions
Gold futures fell 1.36% to $3,302.90 a troy ounce but remained up more than 25% year-to-date.
Gold continues to benefit from safe-haven demand as investors seek protection from global trade fragmentation and deteriorating confidence in policy stability, market analyst at XS.com Linh Tran wrote.
Gold closed up 1.87% on Thursday as optimism that U.S.-China trade tensions are easing faded, Tran added.