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Wall Street opened lower on Wednesday as investors sought out gold and government bond badets fearing that a prolonged trade war between China and the US could affect global growth .
The trade war between the United States and China, coupled with geopolitical tensions, has led to an increase in gold purchases in the first half of 2019, especially by central banks around the world.
According to the latest available data, the Dow Jones Industrial Average was down 215.30 points, or 0.83%, at 25,814.22.
The Standard & Poor's 500 index is down 23.12 points, or 0.80%, to 2,858.65.
The Nasdaq Composite Index lost 85.99 points, or 1.10%, to 7,747.27 on the first day.
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