Gold hits 4-week high amid trade fears

Gold prices jumped today to the highest level since Nov.6, as precious metals regained safe-haven charm amid mounting concerns about the escalating trade war between the US and other countries.

Otherwise, the dollar index fell against a basket of currencies by 0.1% to 97.7 points as of 19:33 GMT, and hit a high of 97.9 and a low of 97.6.

President Donald Trump stated that a trade agreement with China might have to wait until after the presidential election in 2020.

Trump also threatened to impose tariffs against some EU countries and other NATO members, due to what he claimed as unfair practices at the expense of the US.

Gold futures (February delivery) rose by 1% to close at $1,484.4 an ounce (the highest level since Nov.6), and hit a high of $1487.7, and a low of $1465.4.