Gold and silver rallied today amid risk aversion on markets. Investors were running for safety since US President Donald Trump made an unexpected announcement of new tariffs on Chinese goods. The outlook for Federal Reserve’s monetary policy was also helping the metals as CME FedWatch shows a 100% chance of another interest rate cut in September, just a month after the Fed made a dovish cut at the very end of July. Futures for delivery of gold in December advanced 0.87% to $1,470.20 per troy ounce as of 11:02 GMT on COMEX today. September silver jumped 1.54% to $16.52 per ounce.
Meanwhile, the escalating
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