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8/26, 12:23 AM (Source: TeleTrader)
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Gold jumps over 1% to reach six-year high

The price of gold per ounce jumped over 1% to reach the highest point since April 12, 2013, as the trade war between the United States and China continues to escalate. The White House stated President Donald Trump regretted not raising tariffs on Chinese imports further following the announcement Washington will increase the levies from 25% to 30% in retaliation to Beijing's measures.

Gold traded 1.34% in the green and went for $1,547.60 per ounce at 12:20 am ET. Meanwhile, silver increased 1.49% to $17.70 per ounce a minute later, its highest point since September 2017. Platinum rose 0.38% to change hands for $860.77 at the same time. Palladium was slightly lower, losing just 0.09% to $1,460.86 at 12:19 am ET.

Breaking the News / MD