Gold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election

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Trump’s willingness to open new fronts in trade war unnerves markets

Gold futures marked their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a long-awaited U.S.-China trade deal until after the November 2020 presidential election.

Trump’s comments come ahead of a December 15th deadline for the imposition of fresh import tariffs on China.

“Economic uncertainty was sparked following comments from President Trump, which seemed to dash near term hopes of a trade deal with China,” and suggested that “trade negotiations are once again at a serious impasse,” said analysts at Zaner Metals, in a daily note.

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