Expertcommodity:- Gold prices steadied on Tuesday in Asia and remained above the $1,300 psychological mark amid renewed China-U.S. tension.
Expertcommodity:- Gold prices steadied on Tuesday in Asia and remained above the $1,300 psychological mark amid renewed China-U.S. tension. Gold futures traded at $1,304.97 per ounce by 1:46 AM ET (6:46 GMT) on the New York Mercantile Exchange's Comex division, up 0.2%. Gold prices are now near eight-month highs. The yellow metal derived support from mounting uncertainty surrounding the upcoming Sino-U.S. trade talks after the U.S. Department of Justice unveiled two criminal cases against China’s technological giant Huawei on Tuesday. One indictment accused the company of trying to steal trade secrets from T-Mobile, while the second indictment claimed the company violated Iran sanctions. The news came as the U.S. and China prepare to hold a new round of trade talks this week. Ahead of the meetings, U.S. Secretary of Commerce Wilbur Ross said last week that the two sides are “miles and miles” apart from a trade deal, while White House Economic Adviser Lawrence Kudlow said U....