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Gold falls as threat of more tariffs on China boosts dollar

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Maytaal AngelNEW YORK/LONDON (Reuters) - Gold prices slipped on Wednesday as U.S. threat of tariffs on an additional $200 billion of Chinese goods pushed safe-haven flows to the U.S. dollar and dashed hopes that Washington would eventually step back from the escalating row.U.S. President Donald Trump detailed overnight a list of Chinese products that could face 10 percent tariffs. The clock now starts ticking on a two-month period of public comment before the levies are imposed.The news sent the U.S. dollar to an 11-month high versus the yuan and hit the Australian ...

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First Published: Thu, July 12 2018. 20:22 IST