Gold edged up in early Asian trading. The European Union and Canada announced retaliatory tariffs against the US on Wednesday, further raising the prospect of a global trade war after the US imposed levies on global steel and aluminium imports.
Gold rallied to bring it back near a record, after weaker-than-expected US inflation supported further Federal Reserve monetary easing this year, while an escalating global trade war prompted safe-haven buying.
Source: Newsmaker.id
