05.08 - Gold Rush
Gold prices rose on Monday in Asia amid an escalating Sino-U.S. trade dispute, while political concerns in Hong Kong also spurred safe-haven demand.
“Gold is certainly benefiting from the global concerns about the outlook for growth, and central banks are likely to maintain their accommodative stance, so safe-havens like gold are in demand,” said Michael McCarthy, chief market strategist at CMC Markets, in a CNBC report.
"This could well be the biggest moment for the yuan this year. The impact of U.S.-China trade is turning out to be very big," said Masashi Hashimoto, senior currency analyst at MUFG Bank.