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Gold fades as dollar regains safe-haven appeal, US Treasuries rise

Updated : September 19, 2018 10:53 AM IST

China said that it had no choice but to retaliate against new US trade tariffs, raising the risk that US President Donald Trump could soon impose duties on virtually all Chinese goods that America buys.
Spot gold dropped 0.23 percent at $1,197.75 per ounce by 1733 GMT in choppy trade.
Gold prices have declined more than 12 percent since April, hurt by the intensifying trade dispute between the United States and China and as rising US interest rates diminished demand for non-interest-bearing bullion.
Gold fades as dollar regains safe-haven appeal, US Treasuries rise

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