Business Standard

Intensifying US-China trade war pushes gold futures to record high

In India, the rise in gold prices as well as the depreciation in the rupee value has pushed its prices to new highs

us china trade war
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Dilip Kumar Jha Mumbai
After China and the US fired fresh salvos at each other in the ongoing trade war on Friday, gold futures climbed to lifetime highs, as investors retreated to the safe haven provided by the precious metal.

On the Multi Commodity Exchange, gold futures for delivery in October gained 1.69 per cent on Friday to trade at an all-time high of Rs 38,810 per 10 grams. Gold futures on the Comex jumped by $30 to trade on Friday at $1,536.40 an oz.

US President Donald Trump on Friday tweeted, indicating trillions of dollars of loss in trade with China and asked

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