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0 0 0 -5.74679616113953E-05 0.0171829205218091 0.0315499109246596 0.0114361243606689 0.00201137865639909
Stock impact report

PRECIOUS-Gold soars 2% as trade worries trigger flight to safety [Reuters]

U.S. Global Investors, Inc. - Class A (GROW) 
US:NASDAQ Investor Relations: usfunds.com/about-us/investor-relations
Company Research Source: Reuters
PRECIOUS-Gold soars 2% as trade worries trigger flight to safety * Chinese yuan falls below 7 per dollar to 11-year low * FX rates in 2019 tmsnrt.rs/2egbfVh By K. Sathya Narayanan Aug 5 (Reuters) - Gold surged 2% on Monday to its highest level in more than six years as a worsening U.S.-China trade conflict prompted investors to dump riskier assets for safe havens, with a weaker dollar lending further fuel for bullion’s run. Spot gold was up 1.4% at $1,460.60 per ounce as of 11:04 a.m. EDT (1504 GMT), after hitting its highest level since May 2013 at $1,469.60. U.S. gold futures rose 1.1% to $1,473. In the latest flare-up in a long-drawn trade spat, China on Friday said it would fight against a decision by U.S. President Donald Trump to slap an additional 10% tariff on $300 billion worth of Chinese imports. “What is driving gold is fear of these tariffs and the fear of China retaliating,” said Michael Matousek, head trader at U.S. Global Investors, adding that a host of uncertainties Show less Read more
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