Gold Prices Jump Amid Renewed Trade Concerns
Gold prices moved sharply higher during trading on Tuesday, with the previous metal benefiting from its appeal as a safe haven amid renewed trade concerns. After slipping $3.50 or 0.2 percent to $1,469.20 an ounce in the previous session, gold for February delivery jumped $15.20 or 1 percent to $1,484.40 an ounce. With the notable increase on the day, the price of gold for February delivery ended the session at its highest closing level in almost a month. The rally by the price of gold came after President Donald Trump suggested he might prefer to wait until after the 2020 elections to strike a trade deal with China. Trump told reporters at a NATO summit in London there is no deadline to reach a trade deal, adding, “In some ways, I think it’s better to wait until after the election.” “But they want to make a deal now, and we’ll see whether or not the deal’s going to be right; it’s got to be right,” Trump said. Trump claimed a potential trade deal is only dependent on whether he wants to sign it, because the U.S. is “doing very well” and China is “having by far the worst year that…