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Gold Prices Rise on Unexpected Mexico Tariffs, Persisting Sino-U.S. Exchange Tensions

Gold costs ascended on Friday in Asia in the midst of updates on surprising levies on Mexican merchandise, while enduring Sino-U.S. exchange strains kept on drawing in place of refuge request.

Gold fates for June conveyance, exchanged on the Comex division of the New York Mercantile Exchange, were up 0.4% at $1,292.7 per ounce by 1:15 AM ET (05:15 GMT).

Medium-term, U.S. President Donald Trump said that Washington would force a 5% tax on Mexican merchandise. The duty would end up successful June 10, until that nation prevents outsiders from entering the U.S. wrongfully.

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