May 08, 2019

Gold rebounded above $1,285.00 for the first time in a week as tension between the US and China escalated after President Trump promised new tariffs and US warships sailed by the Spratly Islands in the South China Sea, clearly as a sign questioning China’s claim to the archipelago. The rising tension with China caused stocks to plunge with the Dow dropping over 470 points Tuesday, its largest single day drop since January 3.