Gold Rises Amid Safe-Haven Demand
2345 GMT — Gold rises in the early Asian session amid safe-haven demand spurred by fears of U.S.-China trade war. The White House on Thursday clarified that President Trump's tariffs imposed on imports from China this year total 145%. Tensions between the world's two largest economies could overshadow any signs of de-escalation, GivTrade's Hassan Fawaz says in an email. Also, cooler U.S. March inflation reading released overnight may support further rise in gold as it could boost prospects for more Fed rate cuts, the chairman and founder says. Spot gold is 0.4% higher at $3,188.20/oz. (ronnie.harui@wsj.com)
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