Source: International Business Times
Gold prices hit another record high, helped by a rush into safe havens and the weaker dollar AFP Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived. After the wild gyrations witnessed last week, markets got off to a relatively stable start following news Friday that the White House would exempt smartphones, semiconductors, computers and other devices from painful "reciprocal" levies. The announcement provided a much-needed injection of optimism for investors who had been sent scurrying for the hills in the wake of the US president's tariff flip-flops and tit-for-tat measures by China.
