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Gold jumped more than 1%, surpassing the $ 1,550 level on Monday, for the first time in more than six years, as investors were looking for assets. secured in the context of a growing trade dispute between the United States and China.
Spot gold rose 0.3% to $ 1,531.20 an ounce by 11.53 GMT, after reaching its highest level since April 2013 at $ 1554.56 earlier in the session.
Futures on US gold rose 0.1% to $ 1,538.90 an ounce.
"What happens because of trade tensions and the associated risk of a global slowdown, or even a global recession, is pushing investors to safe havens," said Carsten Minky, an analyst at Julius Baer.
Washington announced last week an additional 5% tariff on Chinese products at $ 550 billion, a few hours after Beijing released retaliation rights on US products worth $ 75 billion.
Among other psychological metals, silver jumped 1.2% to 17.61 dollars an ounce and had hit the highest level since September 2017 at 17.77 dollars.
Platinum rose 0.9% to 860.90 dollars an ounce and 1% palladium to 1 475.10 dollars an ounce.
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