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Mansi Aarya

 

Prices of the safe-haven gold traded higher on Wednesday in Asia amid continuing uncertainty surrounding Sino-U.S. trade developments.

 for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.3% at $1,335.75 per ounce by 1:15 AM ET (05:15 GMT).

Uncertainty surrounding Sino-U.S. trade relationships continued to provide support to the safe-haven metal.

U.S. President Donald Trump said Tuesday he would raise tariffs on Chinese imports further if he cannot make progress in trade talks with Xi at the G20 summit later this month. A Xi representative declined to confirm if the Chinese leader would meet Trump at the summit.

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