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Gold advances on fresh risk aversion on trade conflict escalation - Windsor Blog
Spot gold accelerated higher on news that China retaliated to US tariffs that heated the trade conflict, with threats of further escalation of crisis. Bad news prompted investors into safe-haven assets and gold price rallied through important barriers at $1293/95 (55/100SMA) and 1297 (Fibo 38.2% of $1346/$1266), coming ticks ahead of o psychological $1300 barrier. …