Gold is reclaiming much of the turf it lost after the announcements about the U.S.- China trade war during the G20 on Saturday. It appears to be a combination of bargain hunters early this morning followed by safe haven seekers this afternoon.
Spot Gold has shown accelerated growth over the past six hours, going from $1,391 around 9 Central this morning, to a current session high of $1,416.
Further details from Reuters: “Gold prices rose 1.5% on Tuesday, a day after posting the biggest one-day percentage fall in 2-1/2 years, as U.S. Treasury yields fell on worries over global growth and renewed concerns over global trade.”
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