the website "Hua Seng Heng" analyzed the overall movement of the gold price that has been continuously increasing to an All-Time high. The gold price moved above $3,000 because investors were still concerned about the impact on the economy from the US tariffs. As China warns the US that US tariffs will hurt its economy as trading partners prepare to retaliate with “heavy import duties” on American goods, China has signalled it is ready to take further action, potentially exacerbating investor concerns over a potential escalation of the trade war.
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