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Stock impact report

PRECIOUS-Gold prices buoyed as U.S.-China trade tensions mount [Reuters]

AngloGold Ashanti PLC Ordinary Shares (AU) 
US:NYSE Investor Relations: anglogoldashanti.com/investors
Company Research Source: Reuters
PRECIOUS-Gold prices buoyed as U.S.-China trade tensions mount May 10 (Reuters) - Gold prices were steady on Friday, buoyed as investors shied away from riskier assets amid worries that a rift over trade between the United States and China could deepen if talks between the two fail to reach a deal. FUNDAMENTALS * Spot gold was steady at $1,284.65 per ounce at 0142 GMT and is up about 0.4 percent for the week. * U.S. gold futures were unchanged at $1,285.70 an ounce. * Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China. {nL2N22L1EY] * Before they get back around the table on Friday, the United States will have increased duties on $200 billion of Chinese goods, to 25 percent from 10 percent. The duties apply to cargoes leaving China after 12:01 a.m. EDT (0401 GMT) Friday. Show less Read more
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