Trade tensions and the falling dollar are pushing gold prices to their highest level since 2013



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Istanbul / Anatolia

Gold futures rose on Monday, peaking since November 2013, boosted by the resurgence of trade tensions between the US and China.

On Thursday, US President Donald Trump announced the start of a 10% surtax on imported Chinese goods, worth $ 300 billion, as of early September.

Gold prices also benefited from the dollar 's decline as the US Federal Reserve announced Wednesday a cut in interest rates, a quarter of a percentage point for the first time since October 2008.

The gold futures for December delivery rose 0.90%, or $ 13, to $ 1,470.5 ounce.

Investors turned to yellow-silver funds to avoid further trade tensions between Washington and Beijing, driving down the dollar.

Washington and Beijing held Tuesday and Wednesday the 12th round of trade talks in Shanghai, China, according to Xinhua.


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