As Trump accused China of violating the preliminary trade agreement reached in Geneva, China responded by saying the allegations were untrue. However, US President Donald Trump signed an order doubling import tariffs on steel and aluminum to 50% on Tuesday, raising concerns about supply chain disruptions and a renewed global trade war. This is expected to be a factor in stimulating gold prices to rise. SPDR Gold Trust bought 2.58 tons more gold, bringing its holdings to 935.65 tons.
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