Gold Prices Stabilize Amid Rising US-China Trade War Concerns
Gold’s price (XAU/USD) stabilizes after achieving new all-time highs. On Tuesday, gold remains in search of direction following China’s retaliation to US tariffs imposed over the weekend. Beijing has introduced a 15% tariff on US energy imports totaling less than $5 billion, impacting coal and liquefied natural gas imports, while also levying a 10% tax on American oil and agricultural equipment. These developments raise further concerns about trade relations and their impact on global economic stability.
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