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Gold Rises Due To Tariffs Between Washington And Beijing

Dubai – Masaader News

Dubai – Massader News

Gold prices rose on Monday and metal futures for August delivery rose by 0.5% to $ 1284.4 an ounce after Washington and Beijing announced customs tariffs on their mutual goods imports, according to a report published by Mubasher.

The spot delivery price of the yellow metal increased to $ 1281.9 an ounce by 0.2%.

Last Friday, the United States decided to impose customs tariffs on Chinese goods worth of 50 billion dollars, bringing China , hours after the decision, to impose  tariffs on US imports worth of 34 billion dollars.

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