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The words trump the continuation of the trade war with China caused a sharp rise in gold prices

Business and Finance

President, trump said that the trade deal with China can wait until after presidential elections in USA in November 2020.

The words trump the continuation of the trade war with China caused a sharp rise in gold prices

Stock gold prices on Tuesday were trading higher as investor interest in the assets refuge increased after the publication of the statements of the President of the United States Donald trump that trade agreement with China may be signed only after presidential elections scheduled for November 2020.

Comments trump came on the eve of the introduction of new import duties on Chinese goods which will enter into force on 15 December.

February futures for gold on SOMEKH grew by 15.20 dollar, or 1.03%, to 1484,40 dollars per ounce, while March silver futures rose 28.2 cents, or 1.7%, to 17,248 dollars per ounce.

Interest to purchases of gold and other asset havens, including Treasury US treasuries rose, and world stock markets and U.S. index futures dropped amid allegations trump.

the US President at a press conference in London, where he arrived to participate in the NATO summit, also stressed that the deadline for the conclusion of trade agreements with China.

"In a sense, I think, better to wait until after the election, frankly. But I didn't say that," said trump.

Willingness to trump to find new opponents in a trade war, which could be Argentina, Brazil and France, despite the signs already caused the world economy damage, unnerving market participants.

on Monday, the Turkish foreign Ministry announced the intention to re-impose duties on Argentine and Brazilian steel, as the President's administration has proposed to impose duties of up to 100% French imported goods worth $ 2.4 billion.

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